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.
Next Frequently Asked Questions