Know Your Standards

This one is fairly simple.

The Employee Retirement Income Security Act (ERISA) requires retirement plan sponsors to meet specific standards. Compliance with ERISA regulations is not just important, it is mandatory.

We all know that smarter decisions are made when you have the right information.

So...a good place to begin is with the Legal Memoranda manual provided by FI360*—a well-regarded financial education company that offers investment fiduciary information. The document will help you understand the standards that apply to 401 (k) retirement plans and how your plan is measured against them.

If you are looking for more information in a user-friendly format, click here to visit the Retirement Plans, Benefits, and Saving site hosted by the the United States Department of Labor.

link: http://www.dol.gov/dol/topic/retirement/index.htm