Designing a 401(k) plan is a complex and arduous task. There are a variety of choices that must be considered. An examination of some of the design possibilities presented in the adoption agreement will enable the financial planner to provide better service to their clients who sponsor 401(k) plans.
Kenn Beam Tacchino, JD, LLM, is a professor of taxation and financial planning at Widener University in Chester, PA. Professor Tacchino has won awards for both his teaching and his scholarly writing. Among other consulting activities, he conducts retirement planning seminars for employee groups.