401(k) plan review checklist - valic. do you distribute all the required notices, documents and...
TRANSCRIPT
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