401(k) Fiduciary Risk Check
Most plan sponsors do not know how much fiduciary liability they are personally carrying. Answer five questions about how your 401(k) plan is actually administered. You get your risk score immediately — no email, no sales call.
1. Does someone at your company personally sign the Form 5500?
2. Is your plan document reviewed and restated on schedule (and can you produce the signed copy today)?
3. Are employee deferrals deposited on a documented, consistently met timeline?
4. Do you have a written, followed process for approving distributions and loans?
5. If the DOL asked tomorrow, could you name your 3(16) administrator and 402(a) named fiduciary in writing?
Want the checklist and a written summary of your result emailed to you?
Admin316 has served as an independent ERISA 3(16) plan administrator and 402(a) named fiduciary since 1997. We sell no investment products and earn no commissions — our only role is taking named fiduciary duties off your plate and doing them correctly. Learn more about 3(16) plan administration, 402(a) fiduciary services, and 401(k) plan reviews.
