Retirement Plan Recordkeeping / Fiduciary Responsibilities
Recordkeeping is the backbone of employee retirement plans. It ensures that contributions are tracked accurately, investments are properly managed, and employees can confidently monitor their progress toward retirement. But these days, industry consolidation is reshaping who performs this critical function. Providers are increasingly exiting this line of work and transferring recordkeeping to others. If your business sponsors a 401(k) or other…