Small to mid-sized businesses are often stretched to the limit in managing their human resource responsibilities-with one of the efforts being the administration of group 401(k) retirement and investment programs.

When employers make amendments and other modifications to a group 401(k) plan, the effort often consists of manually logging changes-such as modifying terms of employee eligibility for plan participation. Perhaps an employer decides to vest employees in the group plan once they've attained 1,000 hours of service-rather than a higher or lower threshold they had originally established.

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