Employer-sponsored retirement plans are generally divided into two primary categories: defined benefit plans and defined contribution plans, both of which are covered by the Employee Retirement Income Security Act (ERISA). Both types of plans provide a variety of advantages to employees and employers but determining which one is the best fit for any given company requires an understanding of the key differences between these plan categories. Let’s examine these plans in more

It’s hard to imagine that the decisions you make now will have a long-lasting impact on the future of your life. Nevertheless, they do,...

One of the most asked questions regarding 401(k) contributions is whether they are tax deductible. When planning for retirement, it is important to save efficiently and understand all the ways to maximize your nest egg. I

The contribution limits for 2023 show a 7-11 percent increase for most contributions, reflecting the soaring inflation in our current economy. Here are some key increases to note.

It's no secret that 2022 has been hard for the retirement industry. The Great Resignation saw a record number of the workforce quit their jobs every month with 4 million per month leaving in 2022.

As many small business owners get closer to retirement, they may have concerns about whether their savings are sufficient for retirement, especially given the current economic state. One way in which business owners can maximize their nest egg is to establish a Cash Balance Plan.