I believe the best policy to follow to ensure you don’t receive a visit from a DoL representative is to do everything possible to avoid encouraging such a visit. Here are some suggestions that may help you avoid a DoL 401k audit.
A few changes can make your good 401k plan into a great one. To help your 401k plan achieve greatness, consider making the following 401k plan improvements this year.
Following are some universal, common sense criteria that plan sponsors can apply when hiring a 401k investment adviser along with important investment adviser credentials to evaluate. The information is divided into what I would consider the three major categories plan sponsors should evaluate: Fiduciary Responsibility, Firm and Background.
Are target risk funds appropriate for 401k plans? I don’t think so. Here’s why.
Plan sponsors should expect help from their investment adviser with the items outlined in this post.
How can you tell if you are working with a top 401k investment advisor? Check out this post to find out.
Outlined in this post are the different types of fiduciary services available to 401k plan sponsors.
BrokerCheck lists any financial advisor violations of investment-related regulations or statues and will also tell you whether your financial advisor is licensed to do business in your state. Don’t worry, your financial advisor will not be informed about whether you used the service to check his/her background.
Make sure to evaluate the investment adviser services you should be receiving found in this post.
Do you benchmark your 401k plan on a regular basis? Have you ever taken time to benchmark your plan? Here’s why you should this year.