Last week, we discussed four of the five most common compliance mistakes made by 401(k) plan administrators and fiduciaries, the potential liability associated with such mistakes, and steps you can take to avoid making them yourself.
On Monday, we discussed failures to timely update plan documents.
On Tuesday, we discussed an SPD’s failure to accurately describe the terms of a plan.
On Wednesday, we discussed a plan’s definition of compensation.
On Thursday, we discussed delinquent contributions.
We hope you enjoyed this refresher on best compliance practices. For our last post in this five-part series, we discuss a topic that never goes out of style…
Plan governance generally encompasses the oversight policies and procedures that plans enact to ensure good process and operational compliance. The following discussion addresses two specific aspects of plan governance—those which areRead More