401(k) Annual Administration — A Checklist for 2022
<p>401(k) plans are popular today because they <a href="https://www.employeefiduciary.com/knowledge-center/the-benefits-of-a-401k-plan-for-employers-and-employees" rel="noopener ugc nofollow" target="_blank">offer generous tax benefits to employers and employees</a>. However, to qualify for these benefits, 401(k) plans must complete a myriad of plan administration tasks each year. It’s ultimately up to employers to ensure each task is completed timely. Meeting this important <a href="https://www.employeefiduciary.com/blog/meeting-401k-fiduciary-responsibility" rel="noopener ugc nofollow" target="_blank">fiduciary responsibility</a> can seem overwhelming, but it doesn’t need to be. The key is hiring a 401(k) provider that’s willing and able to do three things — 1) summarize all required tasks, 2) complete the more difficult and time-consuming ones, and 3) provide straightforward guidance for the rest.</p>
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