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...
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...
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...
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...
The Employee Retirement Income Security Act (ERISA), established in 1974, is a federal law that has established guidelines that Plan Managers must follow in order to protect plan participants. ERISA covers both Defined Benefit and Defined Contribution plans offered by...