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| Among other components, a comprehensive 401(k) administration software product should contain: • Current IRS regulations are embedded in the software. The system should be updated each year to reflect any regulatory or other changes; clients receive updated copies of both software and companion materials upon renewal. • A CD-ROM that contains the necessary forms for reporting to the IRS, with both blank and completed sample copies provided. • Literature and a video which explain the plan in detail, including information on the benefits of investing in a 401(k), how to assess investment risk, how to choose among the available investments, etc. |
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