RJP 401(k) Fix: Current Plan Compliance

RJP 401(k) Fix program plans are designed specifically for businesses and organizations who have an existing retirement plan that is not in regulatory compliance. Programs are fully customizable to meet the specific needs of organizations, owners and employees.

Program Focus:
Businesses with an existing 401(k) plan that is not in compliance with IRS/DOL (ERISA) rules and regulations or may be in danger of becoming non-compliant.

Program Features:
A return to regulatory compliance offers the chance to turn an organizational liability into a powerful positive asset:

• Identify deficient plan elements causing non-compliance
• Establish goals to measure plan success and compliance going forward
• Develop metrics to evaluate plan performance and ensure regulatory compliance

Program Benefits:
Bringing non-compliant plans into regulatory compliance is critical to ensuring long-term organizational success through the elimination of significant economic and legal liabilities:

• Reduced tax penalties
• Reduced likelihood of plan-related litigation
• Resolution of outstanding legal and fiduciary liabilities
• Mitigation of potential legal and fiduciary liability