Advisers Add Extra Value in a Short Plan Year

Présentation


Diane Morgenthaler noted that decisions by plan sponsors to implement a short plan year are typically fact-specific and there are no “categorical rules” that define what a short plan year should look like. She recommended that the plan sponsor meet with the recordkeeper, payroll vendor, plan attorney and human resources staff to weigh all the facts and scenarios involved in choosing a short plan year. Read the full article.