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  • 404c And 404a-5 Checklist - Washington Financial

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404(c) and 404a5 Checklist Plan Sponsor: Plan Name(s): Record Keeper: Advisor: Overview The new participant disclosure regulation under ERISA 404a5 requires the plan fiduciary1 to furnish much of.

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The main difference between a 403(b) and 401(k) is the type of employer who offers them. 401(k) plans are offered by private, for-profit companies. 403(b) plans, on the other hand, are offered by tax-exempt and nonprofit organizations.

Employee Fee Disclosure - 404(a)(5) ERISA Section Under 404(a)(5) requires 401k providers to disclose how much employees personally pay each quarter.

Section 404(c) is a specific part of this law that permits employees to direct the investment of their own retirement accounts. An employee may want to direct their own retirement account so they can control how much of their savings are being invested into what types of companies.

While 401(k) and 403(b) plans have the same general contribution limits, 403(b) accounts have an edge: Employees who have worked for a qualified organization for 15 years or more may be eligible to make additional contributions.

Participants must be provided with the same information as other shareholders. Voting, tender, and other rights must be passed through to participants. Confidentiality of the purchase, holding, or sale of employer securities, as well as the exercise of voting, tender, or other shareholder rights, must be maintained.

ERISA §404(c) provides a plan sponsor and other fiduciaries with liability protections on participant-directed retirement plans, like a 401k, if the plan satisfies the conditions in the 404(c) regulations.

Employee Fee Disclosure - 404(a)(5) ERISA Section Under 404(a)(5) requires 401k providers to disclose how much employees personally pay each quarter.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232