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

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.

When setting up your company’s retirement plan options you want to make sure all your employees benefit and that your company sees some tax benefits. Choosing between qualified vs non-qualified retirement plans or a mix of the two can help all your employees and your company benefit. What are the differences between these options though?

Are you a small business owner or self-employed and looking for retirement planning options? If so, you might want to pick a plan that is designed specifically for people like you. A plan that fits your needs and has tax advantages to help your business.

A one-participant 401(k) plan, also known as a Solo-K or Solo 401(k) , is a traditional 401(k) plan designed for a business owner with no employees . It may also cover the business owner and his or her spouse. These plans must meet the same requirements and follow the same rules as any other 401(k) plan. These plans provide various benefits, including tax-advantages, to self-employed business owners and spouses. Let’s dive into the details of these Solo-K plans so you can ev

Cash Balance plans are an increasingly popular retirement plan option, but many business owners are still wondering if they are the right fit for their retirement needs. While Cash Balance plans offer a variety of solutions and fit many needs, there are two primary problems that they can solve for business owners. Let's examine those two problems and how Cash Balance plans provide solutions. Whether Sole Proprietors, Partnerships, or S-Corps, all have to take the company earn