Video | Maximize Your Company’s 401(k) Plan with Specialist Advisory Teams

Welcome to 401(k)ompass, a series of two-minute videos to help you manage your 401(k) more effectively by addressing current issues and challenges. Our latest installment features Lindsay Luketic, who sheds light on two common pitfalls in plan administration: improper payroll source withholding and incorrect tracking of vesting and eligibility. She breaks down how these errors can lead to costly corrections and emphasizes the importance of proper setup and the benefits of automation. Through this video, you’ll discover practical ways to avoid these mistakes, to help ensure your 401(k) plan operates smoothly and efficiently. Join us as we explore strategies for optimizing…

Managing a 401(k) plan comes with its share of complexities, and plan sponsors often encounter challenges that can affect both the efficiency and compliance of their plans. Personnel changes, record keeper transitions and mergers or acquisitions stand out as particularly disruptive forces. Addressing these issues requires strategic planning and diligent oversight.  Disruptive Forces in 401(k) Plan Management Personnel changes, record keeper transitions and corporate mergers or acquisitions introduce unique challenges for 401(k) plan management. However, with a proactive approach and strategic planning, these challenges can be effectively handled, giving plan sponsors a sense of preparedness and control. Personnel changes can disrupt the…