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Common Mistakes HR Leaders Make with 401(k) Plans — and How to Avoid Them

Saijelle17 Jun, 2025Other

HR leaders often mishandle 401(k) plans by overlooking plan documents, missing compliance updates, misdefining compensation, delaying contributions, and ignoring required notices and testing. This guide highlights these common pitfalls, outlines corrective actions and IRS/DOL programs, and offers practical steps for avoiding costly compliance errors for smoother plan administration.

What Is 401k Plan and How Does It Work

Saijelle09 May, 2025Other

Wondering what is 401k plan and how does it work? A 401k plan is a retirement savings account offered by employers, allowing employees to contribute pre-tax income. Employers may match contributions, boosting savings. Investments grow tax-free until withdrawal. Secure your future by understanding what is 401k plan and how does it work.