New RFP Evaluates 401(K) Plan Service Providers

By Staff Writers
Published: 2012-04-24

The Association for Financial Professionals (AFP) is readying a Request for Proposal (RFP) template to help treasury and finance professionals evaluate 401(k) plan service providers. For more information click here.

The RFP was developed in response to AFP member requests for guidance on selecting 401(k) plans. The RFP comes at a time when treasury's role has expanded to include pensions and benefits. Meanwhile, legislative and regulatory scrutiny over the investment of these funds has increased. As a result, treasury professionals are now being asked to join the 401(k) plan retirement committee and share in the fiduciary responsibility for the prudent management of the plan.

"The goal of the RFP is to assist plan sponsors in finding the bundled 401(k) plan service provider that is best suited for their retirement plan," said Salome J. Tinker, CPA, Director, Accounting and Financial Reporting Policy for AFP.

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New RFP Evaluates 401(K) Plan Service Providers

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