Blog
How to Improve 401(k) Participation Rates
A 401(k) plan is an important tool for retirement savings, yet many employees fail to participate fully in the plan. Low participation rates can be a problem for both employees and employers, as they can lead to lower retirement savings and a less secure financial future for workers. However,...
SECURE Act 2.0: Tax Credits Encourage Business Owners to Start 401(k)
Keeping up to date with 401(k) legislation is crucial for business owners and individuals who are planning for retirement. However, the laws and regulations governing 401(k) plans are constantly changing. The SECURE Act 2.0 includes tax credits that are designed to encourage business owners to...
Your Company’s 401(k) and the New Year
All of your employees-participants have lost money in their 401(k) accounts unless they were in a guaranteed fund. Across the United States, investors and participants are unhappy with their outcomes, unsure and insecure about how 2022 will affect their retirement. Plus, they may question the...
Your 401(k) Shopping List: 25 Must-Ask Questions for Providers
So you’re shopping for an improved 401(k) plan, congrats! Whether you inherited an inconvenient plan from your predecessor or you’ve outgrown your current solution, there’s a lot to discover and improve in the process. The good news is with the Department of Labor cracking down on bad 401(k)...
2023 IRS Updates: 401(k) Contribution Limits, IRA, Roth, and Catch-up Limits
It’s that time of year again; The IRS has announced changes made to retirement accounts for 2023. After a turbulent year in the stock market and inflation running high, the good news is that taxpayers can contribute and save more in their retirement accounts than ever before. Changes are based on...
Quiet Quitting is Trending: What Should Employers Do?
If you thought employee rebellion was ending with the Great Resignation, think again. Quiet quitting is trending among workers today, as our economy and workforce continue to transform following the Covid-19 pandemic. What does it all mean for your business? What is Quiet Quitting? Starting from a...
We’re entering 401(k) season. Are you prepared?
More companies will change their 401(k) providers/platforms between Labor Day and Thanksgiving than at all other times of the year. Why? Virtually none of your employees (participants) has made money in 2022 in their 401(k) and some are down up to 40%. Has your Advisor scheduled and met with...
401(k) Myths Debunked: Stop Holding Back Your Small Business
Let’s start with the truth. You’ve been considering a 401(k) plan for your small business, but it seems intimidating and confusing. The reality is that once you start the process, you’ll realize you've been missing out on a ton of benefits for you and your employees. Unfortunately, the...
Nonqualified Deferred Compensation (NQDC): Give Executives What They Want
If you are looking for a new financial incentive to attract and retain your most important executives, look no further. Deferred compensation may be an important feature that you have yet to offer in your company’s retirement benefits. KEY POINTS NQDC plans let your top executives defer a...
The Best Kept Secret to Retain Top Executives (Hint: It’s not your 401(k))
The most challenging aspect of running your business today is key employee retention. How do I keep my top executives happily employed and prevent them from leaving for another job? That is the million-dollar question that we, as owners, face every day. There are millions of jobs available today...
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