As the end of the year approaches, it's a great time for retirement plan sponsors to take a hard look at what they offer.

Ary Rosenbaum, an attorney with The Rosenbaum Law Firm P.C. in Garden City, N.Y., says that means reviewing plan expenses, gathering data for compliance reviews, reviewing plan providers and making sure plan insurance and employer contributions are where they need to be.

This is the time to make changes to your current plan. He recommends these six steps.

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