401k Employee Communication Checklist

Effective communication with participants is vital for a successful 401k. The following items should be considered.

I. Communication relating to funds entering the 401k (contributions).

Advantages of the 401k for employees regarding saving for retirement

Explanation of how 401k contributions work

Enrollment material, including beneficiary designation forms

II. Communication relating to funds within the 401k (investments and account balances).

Pooled Accounts (if applicable)
- Disclosures regarding 401k investments, including account statements and Summary Annual Reports
- Additional information on investments, including investment expenses, if applicable
Participant-directed accounts (if applicable)
- Disclosures regarding 401k investments, including account statements and Summary Annual Reports
- Information with respect to investment choices offered to participants, including investment expenses
- Educational information for participants on investments

III. Communication relating to withdrawals from the 401k (distributions).

Explanation of loan and hardship programs, if these options are available. Forms must be provided.

Distribution packages on separation from service, including explanation of settlement options

401k Further Assistance

Please describe your 401k questions on our short form. We will reply promptly to concerns of employers and their representatives. Or call us at 718-793-9885. Our web site homepage contains additional useful 401k plan information.