Owner-Only Solo 401(k)s: Plan Sponsor Responsibilities & Benefits
Key TakeawaysOwner-only Solo 401(k)s is a great way for business owners to pay less taxes, including being able to tuck…
SECURE Act 2.0 Becomes Law: Highlights of the Changes Affecting Retirement Plans
On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act into law which also contained the SECURE 2.0 Act…
Year-End Reminders for 401(k) and 403(b) Plans
The end of the year means upcoming due dates for many calendar-year qualified plans such as 401(k)s and 403(b)s. And…
Sept. 9: Happy National 401(k) & 403(b) Day!
Started in 1996 by the Plan Sponsor Council of America (PSCA), Friday following Labor Day was chosen as the “401(k)…
How to Increase Employee 401(k) or 403(b) Participation
A 401(k) or 403(b) plan is a powerful retirement savings vehicle for employees as well as an important employee benefit…
IRS-Required 401(k) Plan Restatements: Deadline is July 31, 2022
About every six years, the Internal Revenue Service (IRS) mandates businesses and organizations with qualified, pre-approved plans to restate (or…
401(k) and 403(b) Plans: The Importance & Benefits of Offering Employer Match
Beyond being a remarkably attractive employee benefit in today’s hot job market, a 401(k) or 403(b) plan can incentivize employees…
401(k) & 403(b) Plans: 8 Red Flags That Could Trigger a DOL or IRS Audit
For most Americans, any letter from the Internal Revenue Service (IRS) or Department of Labor (DOL) sparks fear, especially a…
Non-Governmental Tax-Exempt Organizations: 401(k) or 403(b) Plan?
Whether you’re a plan sponsor, financial advisor or CPA, or other service provider in the industry, we know that there…
Three Things That Separate a Great TPA from a Good TPA
The name “Third-Party Administrator” (TPA) does not precisely express the job. Instead, a more suitable phrase would be “Retirement Plan…