This Web site contains a compilation of more than a thousand consumer finance
columns written by Tony Novak from the 1980s through 2006, updated and reformatted for
maximum usefulness today. New material was added after
2010.
Content is the opinion of the author and does not represent the
position of any other person or entity. Information is from sources believed to
be reliable but cannot be guaranteed.
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other financial interest in the businesses related to the topics
covered.
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401(k) plan review
originally posted: 9/26/2006
revised: 11/23/2010
Q: How often should I update my company's 401(k)
plan documents?
A: Generally this should be done every few years but due to recent changes most 401(k) plans should have already been updated this year to take advantage of the latest features. If not, then schedule an inexpensive plan review to point out the areas that need change. There is a good chance that if your plan documents are not up-to-date, then there are other deficiencies or areas of improvement that need your attention. See the article "401(k) Plan Review Checklist" at FreedomBenefits.org for more information.
Recent 401(k) plan changes mean that all plan
documents should be updated this year.
More resources:
401(k) plan review checklist (currently being udated: available on
request from OnlineAdviser)
