Many employers maintain 401(k) or 403(b) plans to assist their employees in saving for retirement. But despite their popularity, the administration of 401(k) plans is not simple. There are many “traps” for the unwary and getting it wrong can have serious legal ramifications.
In part one, on February 16, Jim Bruinsma and Jeff Gray will provide basic information about 401(k) plans and the legal requirements that apply. Much of the information will also apply to section 403(b) plans.
In part two, on May 18, Jim Bruinsma and Jeff Gray will provide practical information that will help in administering a 401(k) plan or 403(b) plan.Learn more