Plan Sponsor Newsletter: Fiduciary Plan Governance Q1 2024
March 25, 2024 •
As a responsible plan sponsor, it is crucial to ensure that you are fulfilling your fiduciary duty and maintaining proper plan governance. In this newsletter, we will discuss organizing fiduciary files and benchmarking your retirement plan to help you enhance your fiduciary plan governance. Plus, we explore how profit sharing can help reduce your company’s tax liability and express gratitude towards your employees.
By implementing these strategies, you can further strengthen your fiduciary governance practices and contribute to the long-term financial well-being of your employees.
Please don’t hesitate to reach out to our team. We are here to support you every step of the way.
HFM Investment Advisors, LLC.
856-232-2270
401kteam@hfmadvisors.com
102 West High Street Suite 200, Glassboro, NJ 08028
Investment advisory services are offered through HFM Investment Advisors, LLC, a registered investment adviser. Please remember that securities cannot be purchased, sold or traded via e-mail or voice message system. This email transmission and any documents, files, or previous email messages attached to it may contain information that is confidential or legally privileged. If you are not the intended recipient, you are hereby notified that you must not read this transmission and that any disclosure, copying, printing, distribution, or any action or omission of this transmission is strictly prohibited. If you have received this transmission in error, please immediately notify the sender by telephone at 856-232-2270 or return and delete the original transmission and its attachments without reading or saving in any manner.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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