Who Governs 401K Plans?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A defined contribution pension plan established by an employer under section 401(k) of the Internal Revenue Code is what is popular called a, “401(k)” The program itself is designed for the employer. Administration of the plan may be handled directly by the employer or by a third-party administrator. The fiduciary requirements are with the employer; however, these may be contracted to another party as well.
    Answered on November 7, 2014
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