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.