Who Governs 401K Plans?

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One response to “Who Governs 401K Plans?”

1. 

   November 7, 2014

   David Pipes

   A defined contribution pension plan established by an employer under section 401(k) of the Internal Revenue Code is what is popular called a, “401(k)” The program itself is designed for the employer. Administration of the plan may be handled directly by the employer or by a third-party administrator. The fiduciary requirements are with the employer; however, these may be contracted to another party as well.