ERISA requires employers to retain detailed plan records supporting the information included in their required reports and disclosures for a fixed period of time. The following lesson is an overview of 401(k) Record Retention requirements.

Our Loan Essentials Checklist is a great tool to ensure that the loan process goes smoothly. From departmental notification, to oversight, audits and proper documentation.

From tracking plan forfeitures to ensuring participant loans go smoothly, our checklists are an essential tool to help keep your plan on track.

This 401(k) Election and Authorization form helps ensure proper documentation of employee enrollment, contribution election or their election not to participate in your company’s 401(k) plan. Employees must be surveyed every year and these sections must be documented. This form is designed to be easy to fill out electronically and features a Digital ID Signature feature.

From tracking plan forfeitures to ensuring participant loans go smoothly, our checklists are an essential tool to help keep your plan on track.

To explore more of our tools and training, visit 401kEssentials.com

Use our Hardship Withdrawal Essentials Checklist to ensure that the participant understands the costs and penalties associated with a hardship withdrawal as well documenting the steps followed ensuring that this distribution meets IRS and DOL regulations.

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