Retirement Plan Compliance Checklists

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Today we will be discussing why Compliance Checklists with retirement plans are important.

In the past decade, both the Department of Labor and IRS have added new rules to make sure retirement plans, like our company's 401(k), are fair and safe for everyone involved. These rules are here to help protect your money and make sure you're well-informed about how your retirement savings are managed.

To manage all these details, many companies use a checklist to keep track. This helps ensure they don't miss any steps and always follow the latest advice from experts.

It's suggested that they review these steps with an Erisa expert every year to make sure everything's up-to-date. Plus, they talk about these tasks in regular meetings, always looking for ways to do things better.

For more information on creating and managing retirement plan compliance checklists, contact us today.