Plan Administration: What’s Required to Set Up and Manage a 401(k) Retirement Plan

Setting up a retirement plan for your company is one of the most effective ways for you and your employees to save for the future. It can also have a material impact on your business goals, helping to drive employee acquisition, retention, productivity and loyalty(1). But you may be wondering if you have the time and knowledge to effectively manage a retirement plan. Let's take a look at what's required and what to consider when selecting a retirement plan provider.

A plan sponsor is responsible for fiduciary duties such as Investments, administration, and employee engagement.

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