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HR - Developing a 401(k) Program
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Price: $14.99
At A Glance
This Word document is a template on how to develop a 401(k) program as well as a questionnaire to assess potential third-party providers.
Background
Developing a quality defined contribution plan with a 401(k) component is an extremely important and competitive benefit for companies not having a defined pension plan. This tool provides a brief overview of successful plan considerations – design, administration and compliance, record keeping activities, communication and training, types of investment vehicles, and plan costs – and provides a five-page questionnaire to use when evaluating potential third-party service providers.
Benefits
Using this tool, you will be able to understand the key components of a successful 401(k) plan and be able to use a standardized questionnaire to assess potential third-party providers.
Time ROI
It takes on average 14 hours time to research and understand the key, critical design characteristics of a 401(k) plan and to develop a ready-made questionnaire for use when evaluating external service providers. By using MyWorkTools.com, you will save a minimum of 13.5 hours time.

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