Considering a 401(k) Plan Recordkeeping Review? Here’s Why It Matters
Embarking on a review of your 401(k) plan’s recordkeeping services is a proactive step that can deliver significant benefits for both your plan and its participants. Here’s how: Cost Efficiency: The market for recordkeeping services is dynamic, with new entrants often offering competitive pricing and innovative features. A periodic review could uncover opportunities to reduce costs and secure better terms, aligning more closely with your plan’s financial goals and constraints. Enhanced Services: As technology advances and industry standards evolve, new…