Tag: retirement plan design

Plan Sponsors Shouldn’t Fear Making Settlor Decisions

Retirement plan sponsors often fear participant backlash when making decisions that could actually help improve participant outcomes, but the law is on their side, as plan amendments are considered settlor functions.

Considerations for Adopting a Safe-Harbor Plan Design

The deadline for adopting a new safe-harbor 401(k) plan is October 1, and while it’s not likely to be met for employers that have not already moved to adopt one, information about the plan design will help employers plan for future years.