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Breaking Down ERISA Section 404(c) to the Basics
PLANSPONSOR; free registration may be required
May 1, 2024
PLANSPONSOR; free registration may be required
May 1, 2024
"To be 404(c) compliant, plan sponsors must first ensure that they are offering a broad range of investments, including at least three options, each of which is diversified and has materially different risk and return characteristics.... [R]ecordkeepers have automated a lot of this process to ensure that plan sponsors are following all the requirements.... [E]mployers should confirm with their providers that this automated process is working."
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