A Plan Sponsor Can Increase 401(k) Participation Without Costing Much $$$

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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No matter the organization you’re involved with, getting increased participation is always a big issue. Increased participation by current or new members is a goal whether it’s a trade, religious, or fraternal organization. I was heavily involved in my former Synagogue and increased participation was always a big thing for me as I was in charge of membership related services. Getting more people involved is always a good thing. When it comes to participation in a 401(k) plan, plan sponsors have to a little more than having events that a trade or religious organization may host. Getting participants involved can be difficult, but it doesn’t have to be costly. There are quite a few tools out there to increase plan participation that doesn’t have to cost plan sponsors much money in terms of contributions and plan expenses.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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