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Why 401(k) plan sponsors should consider a discretionary trustee
By Philip Gould5 ways discretionary and directed trustees differ and why this option offers obvious benefits compared to directed or self-trusteed models.
Paperwork is a significant part of the human resources managers' job, including everything from hiring and tax documents such as W2s, W4s, I9s and background checks to ensuring all health and benefit plans meet state and federal standards (form 5500). This section provides tools, tips and resources to help ensure all procedures are compliant and documents are filed correctly.
5 ways discretionary and directed trustees differ and why this option offers obvious benefits compared to directed or self-trusteed models.