“It's not a pleasant situation. The things we are recommending are best practices anyways, you should be doing all those things we talked about not to avoid a lawsuit, but just cause it's the right thing to do and you should care about your employees.” - Kim Moore

The finer details in this episode:

• What to do when you receive a 401k Plan lawsuit
• Understanding 401k plan lawsuit statistics and using this to asses your 401k plan
• What can lawsuits cost you
• What can you do as a 401k plan sponsor to avoid lawsuits
• Main reasons of 401k related lawsuits
• Tips a 401k plan sponsor can use to stay on top of 401k plans

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - audit@summitcpa.net