401(k) plan review checklist - valic. do you distribute all the required notices, documents and...
Post on 08-Mar-2018
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When was the last time you reviewed your organization’s 401(k) retirement plan? Is it tailored to your organization’s and participants’ specific needs? Is it compliant with government regulations?
Take a look at the questions shown below and learn if your plan is up to date.
1. Do you have copies of all of your plan documents and necessary records?Yes o
No o
2. Are you carrying the appropriate amount of Fiduciary Bonding insurance?Yes o
No o
3. Do you distribute all the required notices, documents and educational materials to your employees in a timely fashion?
Yes o
No o
4. Are you depositing all 401(k) deferrals and loan payments by the required deadlines?Yes o
No o
5. Are you covering and enrolling the right employees?Yes o
No o
6. Are you monitoring the plan recordkeeping, investments and advisor fees?Yes o
No o
7. Do you have an investment policy statement?Yes o
No o
401(k) Plan Review Checklist
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For Plan Sponsor Use Only. Not for Public Distribution.
401(k) Plan Review Checklist
If you answered “No” to any of these questions or have questions regarding plan administration, speak with a VALIC representative for guidance on checking the operation of your organization’s plan.
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Securities and investment advisory services offered through VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.
Annuities issued by The Variable Annuity Life Insurance Company. Variable annuities distributed by its affiliate, AIG Capital Services, Inc., member FINRA. Copyright © The Variable Annuity Life Insurance Company. All rights reserved.
VC 27485 (04/2016) J98388 ER
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For Plan Sponsor Use Only. Not for Public Distribution.
8. Are the plan funds being run in accordance with the investment policy statement?Yes o
No o
9. Are you in accordance with ERISA Section 404(c)?Yes o
No o
10. Do you have a written service agreement with all parties including the record keeper, TPA and advisor on the plan?
Yes o
No o
11. Have all nondiscrimination tests been performed (ADP and ACP)?Yes o
No o
12. Have you annually filed a form 5500? Yes o
No o
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