What Is A 404C Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   404C is not a plan, but the regulatory section of the IRS code that governs compliance over ERISA Retirement Plans like 401(K)s. Fiduciary responsibility to comply with the “prudent man” rule falls on the plan administrator or employer. 404(c) compliance is a critical component used by fiduciaries responsible for the compliant operations of a qualified plan. 
     

   Answered on June 14, 2013

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