You know it\u2019s all about New Year\u2019s Resolutions when Target gets rid of the Christmas items and starts offering organization and cleaning supplies. The beginning of the year is about self-care and taking care of things that you either promised or finally have the time for.<\/p>\n
For a plan sponsor, I think part of keeping a New Year\u2019s resolution is getting your plan reviewed by an independent plan provider. I have a Retirement Plan Tune-Up legal plan review for $750 which can be paid from plan assets and other plan providers offer these type of reviews.<\/p>\n
I think it\u2019s important to discover errors before they become bigger and costlier to fix. I know mot plan sponsors don\u2019t want to do it, but I find that getting things corrected before they become unavoidable plan problems is costlier and causes fewer headaches.<\/p>\n
With time before your third-party administrator asks about the end of the plan year census information, it\u2019s important to get a plan review because now it\u2019s the season.<\/p>\n
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