The DOL’s New Fiduciary Rule – the Value of 401k Investment Services Will Be More Critical Than Ever
The final version of the DOL’s fiduciary rule was released April 6. This rule will make the value of 401k investments and related services more critical than ever for small businesses and financial advisors.
Many plan sponsors can sometimes be overwhelmed by the idea of setting up a 401k plan and its responsibilities. A high level review of what is required and setting a budget can help set plan sponsors up with realistic expectations and ease fears about 401k plan set-up.
In order to avoid a 10% excise tax, plans with EACA that failed the ADP/ACP test should process corrective distributions by June 30.
Tel. 877-401-5100Fax. 251-436-0801
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