Common Mistakes HR Leaders Make with 401k Plans — and How to Avoid Them
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HR leaders often mishandle 401(k) plans by overlooking plan documents, missing compliance updates, misdefining compensation, delaying contributions, and ignoring required notices and testing. This guide highlights these common pitfalls, outlines corrective actions and IRS/DOL programs, and offers practical steps for avoiding costly compliance errors for smoother plan administration.
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