Current Plan Areas of Concern

1. Introduction to 401(k)
2. QDIA (Qualified Default Investment Alternative) election
3. Form 5500
4. Fidelity Bond
5. Timely distribution of SPD, SAR and QDIA Notices
6. Fiduciary Responsibility Education

SLIA has 401(k) clients with various asset amounts, from start‐ups to groups with over $20 million in assets. Over the past 20 years, we have accumulated knowledge and experience to help determine which carrier best suits a company’s needs based on plan assets, investment offerings and carrier education and administrative assistance requirements.

SLIA makes sure that an Investment Policy Statement is created, periodically reviewed and updated by the fiduciaries and the investment committee.

SLIA will notify the Plan Fiduciary and schedule an annual plan review in a timely manner to help the Fiduciary meet due diligence requirements.

SLIA will facilitate employee education meetings and enrollment meetings to encourage higher participation, deferral rates and quality investment option implementation.

SLIA will update plan fiduciaries with legislative changes. We will also remind sponsor of important dates and deadlines for compliance items.

SLIA will work with the carrier to provide guidance on important fiduciary responsibilities of the sponsor.