Challenges to 401(k) Plan Sponsors in Troubled Economic Times
MANY OF YOU work with clients who sponsor a 401(k) plan. The current difficult economic environment may have a significant impact on your clients and their 401(k) plans this year. The dramatic decline in the market value of participant 401(k) account balances, recurring news articles about major companies suspending 401(k) matching contributions, and wide-spread layoffs in many industries are just a few of the challenges that 401(k) plan sponsors are dealing with this year. There are other 401(k) issues which could expose your client to costly financial consequences if they do not handle them effectively. Click this link to review the attached article we have prepared for plan sponsors with details on 401(k) fiduciary, contribution, and operational issues that may require action or planning this year. You can add value to your client relationships by making them aware of these issues and helping them discuss with their TPA or accountant. RSM McGladrey Retirement Resources has proven expertise in these areas and is also available to assist you and your clients.
To learn more, visit us at
www.rightfitretirementpartner.com.
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