Retirement plans offer financial security and peace of mind. For participants, retirement planning allows for confidence in retirement and flexibility to meet life’s unexpected turns.
Sometimes I just get amazed at the people marketing 401(k) rollovers use. My latest moan is how exit strategy programs are designed.
A qualified retirement plan is governed by rules outlined in a written plan document. This plan document tells the employer and employees how the plan is supposed to work, what are the eligibility and vesting requirements, how benefits are determined, and when benefits will be paid out. For most plans, including almost all Benetrends clients' plans, the plan document is comprised of at least three key pieces. Each one is important and has a special purpose.