Innovative Myth Series #11-As a plan sponsor, I shouldn’t consider adding a 3(16) service to my plan.

An existing client had experienced problems with their 401(k) plan audit for several consecutive years due to internal operational issues. The client requested our help in determining whether they should spend the money for a 3(16) service to help improve efficiencies and eliminate some of the operational errors they were experiencing. See how Innovative helped the client determine if it was the right strategy, move to the 3(16) and reduce their costs and audit error rate.

Download full case study here. Let Innovative perform a complimentary review of your plan, contact our retirement planning team here.