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404c Review

Many of our 401(k) clients have asked for assistance with Section 404(c) compliance. We believe that participant-directed 401(k) plans should comply with ERISA Section 404(c) to reduce fiduciary risk and maintain best practices in participant investment alternatives, transfer rights and investment information.  Many of our 401(k) clients have asked for assistance with Section 404(c) compliance.

Our team reviews critical areas to determine whether a sponsor’s existing 404(c) procedures need to be enhanced. We review the plan’s range of investment alternatives, the transfer rights with respect to those options, and the information provided and made available to participants.   Our clients have found that our 404(c) review allows them to improve upon areas that were assumed to be within Section 404(c) compliance.