How is 401kSecure® 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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