401(K) Common Plan Sponsor Mistakes
With seemly more and more regulation happening every day in the ERISA space, its always good to double check your 401(k) plan to make sure everything is on the up and up. Here are some easy mistakes to spot, fix, and avoid in the future, as well as others that could cause larger issues, such as breach of fiduciary duty.
DOL closed 3,677 investigations in 2013, with nearly 73 percent of those resulting in monetary fines or other corrective action. Lawsuits were filed in 111 of those cases.