Salt Lake City Office
2150 E 1300 S
The Plan Sponsor is required to administer their plans for the “sole benefit” of workers. A good 401(k) plan attracts top talent, builds high performance teams, and increases employee retention. Your company’s 401(k) Plan may be your employees’ most important source of retirement income, a first-rate plan is critical to employee financial well-being.
When you are creating a 401(k) plan you should consider many different aspects including the access to institutionally priced investments and advice, employee eligibility for participation, compensation, employer and employee contributions, vesting , and distributions and loans.
401(k) plans are not set and forget, they need to be maintained and updated to keep in compliance with complex and ever-changing regulations, maintain proper documentation and prudent processes, benchmarking, plan restatement, and complying with require plan audits.
TruNorth Investment Management has extensive experience with 401(k) plans that can help you provide the best plans for your employees. By working with TruNorth Investment Management we can advise you on the latest, competitive plan features, potentially reduce fees, keep your plan in compliance, and improve your investments.
Hiring a best-in-class team can help you offer a retirement plan that best meets the needs of your employees and your company and adhere to rigorous ERISA standards.
Having a knowledgeable 401(k) advisor benchmark your plan is one of the easiest and most beneficial actions you can take as the plan sponsor.
Knowing about common mistakes and how to avoid them can keep your plan on track and your company out of trouble.
Guidelines, FAQs, and other resources from the US Department of Labor (DOL) for 401(k) Plan Sponsors.
"You don't build a business. You build people and then people build the business."