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...
Solo 401(k): What You Need to Know

Solo 401(k): What You Need to Know

What is a Solo 401(k) plan?A solo 401(k)— also called an individual, self-employed, or owner-only 401(k) — is a great solution for the owner-only business because it allows considerable contribution flexibility and plan design. The passage of the SECURE Act...