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Considerations When Establishing a New 401(k) Plan or Migrating to a New 401(k) Provider | Fenwick & West LLP

Establishing a new 401(k) plan or migrating to a new 401(k) provider is a complex process involving multiple stakeholders. Companies should expect up to four months between the.

United statesFenwick westCompensation committee from liabilityTrained professionals as trusteesPlan compensationPlan loansAnnuity paymentsAutomatically roll small balancesAppoint trained professionalsInvestment advisorsIndependent auditorNondiscrimination testingBenefit amountsTop heavy testRegarding alternative retirement plansSimplified employee pension

Considerations When Establishing A New 401(k) Plan Or Migrating To A New 401(k) Provider - Employee Benefits & Compensation

Establishing a new 401(k) plan or migrating to a new 401(k) provider is a complex process involving multiple stakeholders.

United statesTrained professionals as trusteesCompensation committee from liabilityPlan compensationPlan loansAnnuity paymentsAutomatically rollSmall balancesAppoint trained professionalsInvestment advisorsOperational burdensIndependent auditorNondiscrimination testingBenefit amountsTop heavy testRegarding alternative retirement plans

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