It is no secret that a corporate 401(k) plan provides many benefits to both employers and employees. But what is perhaps lesser known is that how that plan is designed has a huge impact on the resulting benefits. Business owners must identify the features and options they want to see in a plan before sitting down with an administrator. Owners should consider the needs of their employees when designing a plan. When owners include their employees’ wishes in their planning, they

One of the most popular 401(k) Plans, Safe Harbor is great for owners and employees alike. The Safe Harbor plan design allows business owners to provide retirement benefits to their employees while simultaneously ensuring they can save at the maximum rate allowed by the IRS. While Safe Harbor plans offer many benefits, there are strict rules that must be followed and some potential drawbacks that must be considered. In this post, we will provide you with information that may

An employer-sponsored retirement plan is a cost-effective benefit strategy that is offered to employees at no or low cost. These benefit programs often include other services such as medical insurance for employees and tax breaks to the employer. Retirement plans fall into one of two general categories: defined benefit plans, in which the retiree is promised a defined monthly amount (also called pension plans), and defined contribution plans, where the employer, employee, or

Are you doing more business with - and through - third party administrators? If so, you're not alone.

This article explains the benefits of cash balance plans and if they are right for your organization.

There are many types of retirement plans each with their own set of rules, regulations, and, ultimately, reasons why an employer should institute them. That's why we've made it our mission to explain different retirement plans to help employers make the best choice for their company and their employees. This week, we're making port at the safe harbor 401(k). What is the Safe Harbor? Before we get into how safe harbor 401(k)s work, we should explain why they came to be. Tradi