Business owners everywhere have a lot on their plate from the unstable economy to worker and supply shortages, to administrative burdens related to operating retirement plans with ever-changing requirements. This blog post will share information about how to use retirement plans and Third Party Administrators to bring relief to the administrative load carried by Plan Sponsors. It is no secret that there are worker shortages all around America in every industry. One of the way

Starting a new job can be an exciting and life-changing experience, but it can also bring a lot of stress and change to your life. Starting a new job means learning how your new company works, meeting new people, and filling out new hire paperwork. All of this can be stressful, but one thing does not have to be and that is rolling over your 401(k) to your new employer. In this blog, we will walk through the steps on how to rollover your current 401(k) to your new place of emp

Employee contributions in 2021 once again cap at $19,500, with catch-up contributions at $6,500. Full details on the 2021 plan limits and how they compare to the past two years are available below. If you have any questions about these limits, please let us know how we can help!

As a guy who has earned his living from the qualified retirement plan business for many years, I can confidently say the retirement plan business has been a great place to be. In my opinion, the advisor has been at the forefront of this business. The hard work in this business has been prospecting, finding businesses that will listen to you, gaining their trust, and being willing to implement your suggestions. The human touch is irreplaceable. No recordkeeper—hundreds or even

When it comes to saving for retirement, companies offer many different types of retirement plans. Among the most popular are 401(k) plans which allow employees to contribute a percentage of their income to their personal retirement account. With a 401(k) plan, most employers will match a portion of the employee's contribution, providing an immediate boost to the individual's savings. However, the perks don't stop here, let's discuss some of the lesser-known benefits of 401(k)

As with the preceding phases of retirement plan testing, there are many ways in which errors can occur during the valuation phase. It is important to understand what takes place in the valuation phase and what your TPA should be doing to ensure a smooth process. Here, we have outlined the process and the steps that must be taken to ensure there are no issues. The valuation phase occurs after inputting all census data and reconciling any errors, the Consultant can begin testin