Before writing your RFP, decide who will be in charge of the process. We suggest forming a diverse committee of employees to manage the RFP process for your qualified retirement plan (401k). This step goes a long way towards balancing the needs of all of the employees from the hourly employees to the executives and the owners. The committee should create a timeline for this project to help keep the project on track. A good committee could be the owner, the person who signs the form 5500 (if it is someone different than the owner), the person who will be responsible for submitting contributions, a middle manager, and an hourly worker. If you’re a family owned business, it is usually beneficial to have at least one family member and one non family member on this committee.