Two Common 401(k) Plan Administration Pitfalls
If your company has a 401(k) plan, you know it's a great benefit for your employees. Payroll deduction is an easy way to save for retirement, and can provide a tax-advantaged way to grow that important nest egg.But you also know that 401(k) plans come with some critical compliance issues. Both the IRS and Department of Labor (DOL) regulate employee…