A recently effective Department of Labor regulation has made it a little easier for businesses to make informed decisions in choosing the most cost-effective service providers for the administration of employee 401(k) retirement plans.
But employers should be warned that the new regulation puts them under higher scrutiny from the Department of Labor during an audit to make sure that they have made prudent decisions in hiring service providers to best administer their employees’ retirement plans.
This article was featured in the Pittsburgh Business Times. Please click here to view the full article.
For more information on this topic, please contact Richard T. Kennedy at [email protected].