When SECURE Act 2.0 was officially signed at the end of 2022, over 90 changes were issued to help reform the retirement system so...

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 you begin to approach retirement, saving for the future has always been a priority. These funds cannot stay in your account indefinitely, which means you will need to start taking withdrawals. These withdrawals are referred to as required minimum distributions. In this blog, we will dive into what a required minimum distribution is, how to calculate your withdrawal as well as what retirement plan accounts that it applies to. What is a Required Minimum Distribution? Simply

Employer-Sponsored Retirement plans are a great incentive to add to your company due to their low cost and numerous benefits . When it comes to choosing an employer-sponsored retirement plan it is important to consider your business type, size, as well as your current economic sector. In this blog, we will discuss the different types of employer-sponsored retirement plans. 401(k) 401(k) plans, also known as defined contribution plans, are the most common of employer-sponsore

Planning for retirement is a top-of-mind priority for many American workers but saving can be difficult when there is no set plan in place between the individual and employer. However, at the end of 2019, a significant step in the right direction was taken to assist with the retirement crisis with the passing of the Setting Every Community Up for Retirement (SECURE) Act. What is the SECURE Act and how will it benefit your business and employees? Let's investigate: Understan

What is a cross-tested plan? A cross-tested plan is a defined contribution plan that uses a certain testing method to show that the plan does not discriminate in favor of highly compensated employees. To be entitled to favorable tax treatment, a qualified retirement plan cannot discriminate in favor of highly compensated employees (HCEs). An individual is generally a highly compensated employee for a particular year if the individual earned over a certain dollar amount in the