Investing, Retirement 
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Who Runs Your 401(k) And What Do They Do?

This post was written by Cory Aldrich, a b5media blogger.

OK, let’s get some more basics up here. Today, we’ll talk about THEY. THEY are the people who run your retirement plan. THEY make most of the big decisions. THEY even make a fair number of the little decisions.

THEY put your contributions into the plan. THEY process any changes to the investments within the plan. THEY facilitate distributions from the plan.

THEY prepare and process forms. THEY prepare and deliver statements. THEY prepare and file the Form 5500 and other legally required reports.

THEY do a lot.

“Enough already!” you’re saying. “Who are THEY?”

Fine, I’ll get to the point. THEY are a number of different people and organizations all working together to run your employer-sponsored retirement plan. There are a bunch of different ways that THEY can divide the work, so I can’t cover every possibility. I will cover the more common members of THEY, starting with the two essential ones, the Trustee and the Plan Administrator.


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