Managing your firm's 401(k) plan : a complete road map to managing today's retirement plans

An objective resource for managing your firm's 401(k) plan With the recent uncertainty in the economy and financial markets, 401(k) plans are now under more scrutiny than ever. Written for finance and benefit professionals who are responsible for the management, operations, or oversight of their company's 401(k) plan, __Managing Your Firm's 401(k) Plan__ offers a guide to designing and managing a 401(k) with a focus on financial, fiduciary, and regulatory standards. While there are plenty of books on 401(k) plans written for the individual investor, there are very few resources for professionals involved in 401(k) management. This book effectively fills that void * It was specifically written for professionals involved in 401(k) management * It includes regulatory and fiduciary information needed for compliance purposes * It was created by experienced experts in the defined contribution plan arena Topics covered throughout this insightful guide include measuring retirement readiness, establishing plan governance, managing the plan's investment menu, monitoring record keeper performance, communicating effectively with employees, helping participants manage their retirement income, and much more

401(k) plans hold trillions of dollars of retirement wealth in America. What started as a way to save a little extra money for retirement has now turned into a critical source of security for millions of people. This field has become a serious business, especially for the thousands of corporate officers and finance and human resource professionals that are relied upon to effectively design or manage their firm's 401(k) plan.

Written to assist finance and benefit professionals in becoming better informed consumers of plan services as well as empowered managers of their firm's 401(k) plans, this reliable resource puts the operation, oversight, and management of 401(k) plans in perspective, and focuses on the financial, fiduciary, and regulatory issues associated with it.

Filled with in-depth insights and expert advice, Managing Your Firm's 401(k) Plan offers unparalleled guidance on establishing effective governance practices, avoiding simple compliance errors, and maximizing plan design. Along the way, it also answers important questions, including what is your role in helping employees reach a secure retirement and what types of risks are you assuming?

Accessible and informative, Managing Your Firm's 401(k) Plan presents an objective overview of this vehicle and offers practical insights on it role in today's organization.

"Managing your firm's 401(k) plan is written for finance and benefits professionals in the field of creating, managing, and sponsoring employee 401(k) plans. With the current financial and economic downturn, now, more than ever, 401(k) plans are being much more closely observed and adjusted. This book offers a step-by-step guide to building and managing a firm-wide 401(k) plan that meets financial, fiduciary, and regulatory standards. Topics will include: Measuring plan effectiveness, Identifying and eliminating conflicts of interest, Establishing cost effective operations, Creating regulatory and fiduciary procedures, Identifying and training plan fiduciaries, Obtaining the most from service providers, Creating an effective investment policy, Selecting and maintaining the plan investment line-up, Communicating effectively to employees"-- Provided by publisher * Managing Your Firm's 401(k) Plan is written for finance and benefits professionals in the field of creating, managing, and sponsoring employee 401(k) plans.