Questions to Anticipate at a Plan Review Meeting

Q. What are some questions to anticipate at a plan review meeting?

A. Following are some questions to anticipate:

• Is this still the right plan for our company?
• We want to put more money in the plan, can we do that? 
• If we want to do a match what is average now? 
• We keep failing our ADP test, can we stop that? 
• Are our participants taking too many distributions? 
• Should we change our policy? 
• How many loans were taken from our plan last year? Is this average? 
• Should we allow loans? 
• Our participants are not enrolling in the plan. 
• How can we help with that? 
• We have a lot of terminated participants in our plan; can we get rid of their balances? 
• We want to change our eligibility; can we do that? 
• What are the trends in vesting? 
• Do we need to look at other recordkeepers? 

* Do we need to do something special about cybersecurity?