Why Daily Eligibility Sounds Great Until Someone Has to Administer It

On paper, daily eligibility sounds like one of those ideas that makes perfect sense. Why make employees wait? Why force someone hired on Tuesday to sit around until the first of the next month or next quarter before they can defer into the 401(k) plan? Immediate access feels employee-friendly, modern, and flexible. It also looks great in a sales presentation.... By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.