Retirement Myth: 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. 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.