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Are You Maximizing the Power of Profit-sharing?

Are You Maximizing the Power of Profit-sharing?

What is Profit-sharing? Profit-sharing is a type of defined contribution retirement plan that allows employers to share a pre-tax percentage of their company’s profits with employees. They are popular with business owners because of their flexibility. The contributions are tax-deductible for the...

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CalSavers: What You Need to Know

CalSavers: What You Need to Know

There’s long since been a coverage gap in the retirement industry, especially when it comes to small businesses.  In fact, according to LIMRA, only four in ten small businesses offer any type of retirement benefit to employees. As a result, too many Californians are saving too little for...

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Safe Harbor 401(k): A Quick Guide

Safe Harbor 401(k): A Quick Guide

Is a Safe Harbor 401(k) Plan right for your business? There are several types of 401(k) plans and features available to employers that have different rules, requirements, and advantages. It is important for employers to be familiar with the details of plan options so that they can make the best...

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Are You Getting A+ Value From Your 401(k) Fiduciary Advisor?

Are You Getting A+ Value From Your 401(k) Fiduciary Advisor?

You started a 401(k) plan for your business, but you're continuously wracking your brain with the extra administrative work it requires. From running the program and choosing investments to keeping costs low and maximizing participation, the responsibilities on your shoulders are endless. What...

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7 Highly Effective Employee Retention Strategies

7 Highly Effective Employee Retention Strategies

Employee turnover is a huge problem. For one, it’s an expensive problem. Some studies predict that every time a business replaces a salaried employee, it costs 6 to 9 months' salary on average. For a manager making $100,000 a year, that's $50,000 to $75,000 in recruiting and training expenses....

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High turnover? Here’s how to fix it.

High turnover? Here’s how to fix it.

Do you believe that 401(k) plans are only for large businesses? Think again. Today's top employees want more than just a good paycheck. Offering a retirement plan is a no-brainer for winning the talent war! After all, the days of retiring with a pension and Social Security are long gone. A 401(k)...

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2022 IRS Updates: 401(k), IRA, & COLA

2022 IRS Updates: 401(k), IRA, & COLA

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS also distributed information regarding the cost‑of‑living adjustments affecting dollar limitations for pension plans...

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Reduce 401(k) plan liability risk: 5 steps to take this year

Reduce 401(k) plan liability risk: 5 steps to take this year

Are you a Plan Sponsor who has just received your annual liability insurance renewals? You may have received some unpleasant surprises: Increased liability insurance premiums,Limits on liability coverage,More restrictions and exclusions,Higher risk-retention levels, or, All of the...

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It’s 401(k) Improvement Time

It’s 401(k) Improvement Time

The end of every year and the beginning of the new year are the absolute best times for Trustees and Administrators to work on improving their 401(k).   So you should be asking yourself: What and how can our 401(k) be improved? Here are your answers with a few more questions. Do we have...

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