This book serves as a guide for retirement plan decision-makers who are responsible for selecting vendors, investment advisors and record-keepers required for the successful operation of a 401(k) or any qualified retirement plan. Making informed decisions regarding these choices requires a general understanding of what elements apply to design an operation of retirement plans.
Like the layers of an onion, the rules and services characteristic of these plans are complex. Many advisors focus only on what is superficial as opposed to the addressing the deeper layers that lead to sanctions and penalties if ignored or misunderstood. The book serves to alert company owners, financial officers and human resource executives with respect to awareness necessary to avoid the experience of any red flags in the future operation of the plan that serves their employees and themselves.