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How is 401k Secure® Administered?

The 401k Plan record-keeper will administer 401k Secure® as an additional investment option. Specifically, the record-keeper will:

  • Calculate the premiums, based on covered plan contributions.

  • Deduct the premiums from appropriate trust accounts.

  • Forward the premiums to the insurance company.

  • Track insurance benefits as received by the plan trustee.

  • Provide detailed information to the participants' via plan statements.

 

 

 

 

 

 

 

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