In 1921, William and Salie Utz began selling potato chips, hand-cooked in their home kitchen, packaged in brown paper bags. Today, Utz Potato Chips is the leading conglomerate in the snack food industry.  In today's market, about 90% of American businesses are...

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.  The...

"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...

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 in your...

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 before they...

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 enough of an...

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...

The Covid-19 crisis is changing current employer to employee relationships dramatically. Forced business closings are resulting in unplanned employee layoffs. But many businesses remain open due to innovative methods of connecting with customers and employees.  We all...

You might be wondering if you need a financial advisor for your 401(k). Many employers, especially small business owners, are hard at work managing their own business and working closely with their customers or clients. A financial advisor can help you tackle the...

Most people tend to think that because their employers contribute money that goes into their retirement plan that they play the most significant role. However, in order to ensure your plan's assets are managed adequately throughout your life, other essential functions...

What types of things should you be thinking about? Employees Can Add More Money to Their IRA's and 401k'sThe IRS will allow employees to contribute up to $19,500 for 401k's. That's up from $19,000 in 2019. Employees 50 or older can contribute an additional $6500....

In the United States, many businesses use the extremely popular Safe Harbor 401(k) plan. This is an employer-sponsored retirement plan that enables small business owners to make sure they are compliant with the Internal Revenue Service. They also use the Safe Harbor...