401(k) Plans: Don’t Overlook Your Company’s Multi-Million Dollar Investment

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Even though it is often overlooked by plan sponsors, a 401(k) plan is one of the most important assets to your company because it pertains to the retirement welfare of your employees. 401(k) plan assets are not considered an asset to the company itself. They are never recorded as an asset on your company financial statements and, in fact, the only impact that they have on corporate financials relates to recording employer contributions through the income statement. That said, the responsibility and oversight of a 401(k) plan should never be disregarded, especially when it comes to the maintenance of plan …read more

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