If you have an employer sponsors retirement plan, you’ve taken an important step for both your organization and your employees. As the plan sponsor, there are important responsibilities that must be adhered to. Find out what these responsibilities are so you can make sure you meet your fiduciary requirements.
If you have an adoption agreement, make sure you understand the terms of the plan.
“Pre-approved plans are an easy way to start a retirement plan, and offer employers an alternative to designing their own retirement plan. If you have a pre-approved plan, you should:
Communicate frequently with your plan service provider for:
Follow these steps to keep your plan up to date and remain qualified for tax benefits.
The ongoing responsibility you have as the plan sponsor of your retirement plan can become both demanding and time-consuming.
At TruthPoint Financial, our goal is to make your plan administration as easy as possible so you can focus on other important matters of your job. That’s why we partner together to simplify your administration process.
Learn more about how we can help you or give us a call today and we’d be happy to explain our process.