401(k) Plan Sponsors there are no "ifs" about it….
You are a fiduciary if you:
Not sure you fully understand your role as a fiduciary? You are not alone. A large number of plan sponsors and human resource professionals rely on information provided by retirement plan vendors rather than an independent advisor.
Take a quick look at the common mistakes below. Do any of these apply to you or your company?
Gordon R. Boardway, Senior Plan Consultant, 401(k) Advisors, gordonb@401kadvisors.com, 407-754-4036
Securities and Investment Advisory Services offered through Financial Telesis, Inc.
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References:
IRS 11 PS Mistakes http://www.mcguirewoods.com/news-resources/news/2999.asp?SearchFor=nondiscrimination
Top 10 404c mistakes http://www.allbusiness.com/human-resources/benefits-retirement-401k/651196-1.html
Top 10 401k Mistakes - Forbes (good list) http://www.forbes.com/2008/07/18/emergency-fund-grads-pf-money-in_avb_0718youngmoney_inl_slide_5.html?thisSpeed=15000
401k Investment mistakes, http://ww-success.com/blog/index.php/2007/11/25/how-to-avoid-common-mistakes-with-your-401k-investment/