by Ryan Neff | Jun 26, 2020 | Uncategorized
Yes, 401(k)s can be audited. But, before you race to your file cabinet to find your records, let us explain what this means and we’ll dive into what happens in a 401(k) audit. Federal law requires that 401(k)s and other types of retirement plans to be audited. ...
by Ryan Neff | May 19, 2020 | Uncategorized
“Let’s be honest. If you’re a business owner, you’ve probably thought of how to become an absentee owner one day. The notion that your company cannot operate without you forces you to assume a few mundane tasks from each department, and you become the...
by Ryan Neff | May 17, 2020 | Uncategorized
If you make contributions to your employee’s 401k plan, you may have built up amounts called forfeitures. What is a forfeiture account? A forfeiture is the non-vested portion of an employee’s account balance. For example, if an employee is 40% vested...
by Ryan Neff | May 2, 2020 | Uncategorized
For most people, landing a new job is not just about how much money they’re going to make, but about the employee benefits they’ll receive. According to research from Glassdoor, 57% of people said benefits and perks are among their top considerations...
by Ryan Neff | Apr 22, 2020 | Uncategorized
A lot has changed in the last few months for small businesses, but one of the positive changes we’ve seen comes from the SECURE Act. Previously, employers who had implemented a 401(k) plan for their company received a flat $500 tax-credit, which wasn’t...
by Ryan Neff | Apr 22, 2020 | Uncategorized
As employers, there are a lot of things on our minds consistently. How do we increase productivity? How do we retain our workers and keep them happy? How do we become more profitable? There’s been a trending topic that claims to address each of these issues, so we...