Are you confident in your mastery of 401k fiduciary responsibilities?

Continuing the engaging “Employer’s Guide to 401k Plans“ series with Larry Heller, CFP®, CDFA®, this second installment dives deeper into the crucial topic of 401(k) fiduciary governance. Building on the foundational knowledge from Part I, Larry guides listeners through the intricate responsibilities and best practices essential for effectively managing a 401(k) plan.

Larry Discusses:

• The broad scope of fiduciary responsibility, extending beyond plan sponsors to key employees involved in plan management
  
• The crucial role of adhering to the plan document as the governing ‘bible’ of the plan
  
• Common pitfalls in 401(k) management, such as failing to timely notify eligible employees, and the significant consequences of these oversights
  
• The pivotal role of 401(k) plans in employee retention and attraction, highlighting their importance as a core employee benefit
  
• Investment oversight essentials, including the need for diversification, low costs, regular reviews, and the advantages of model portfolios
  
• The necessity of regular benchmarking and impartiality in selecting service providers
  
• The importance of education and effective communication about the plan to employees
  
• And much more!
  

Resources: 

• An Employer’s Guide To 401k Plans: A Four-Part Series (Part I)
  
• 401(k) Benchmarking Introductory Call
  
• Free Financial Resilience Assessment
  
• Retire Right by Larry Heller, CFP®, CPA
  
• How and When To Use A Roth (Ep. 17)
  

Connect with Larry Heller: 

• (631) 248-3600
  
• Schedule a 20-Minute Call
  
• Heller Wealth Management
  
• LinkedIn: Larry Heller, CFP®, CDFA®, CPA
  
• YouTube: Life Unlimited with Larry Heller, CFP®