Simplifying Retirement

Setting up retirement plans can seem complex and intimidating. Follow along with us as we simplify the process, define terminology, reiterate important deadlines, and find solutions in an easy to understand method.

Not sure where to begin? Take our Retirement Plan Evaluator to get an idea!

 

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The Benefits of Auto-Enrollment

To attract the best employees, you need to have a great benefits package.  Besides offering insurance, having an employee retirement plan is an excellent incentive for retaining top talent.  Having a retirement plan with auto-enrollment provides great benefits to both...

How Does Profit Sharing Work?

When it comes to offering retirement benefits to your employees, you have more options than just offering a 401k.  So, how does profit sharing work? Profit sharing can be a great option for employers who want to give their employees a little extra towards retirement,...

How To Grow The Family Business

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...

What Happens In A 401(k) Audit?

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...
The Benefits of Auto-Enrollment

The Benefits of Auto-Enrollment

To attract the best employees, you need to have a great benefits package.  Besides offering insurance, having an employee retirement plan is an excellent incentive for retaining top talent.  Having a retirement plan with auto-enrollment provides great benefits to both...

read more
How Does Profit Sharing Work?

How Does Profit Sharing Work?

When it comes to offering retirement benefits to your employees, you have more options than just offering a 401k.  So, how does profit sharing work? Profit sharing can be a great option for employers who want to give their employees a little extra towards retirement,...

read more
How To Grow The Family Business

How To Grow The Family Business

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...

read more
What Happens In A 401(k) Audit?

What Happens In A 401(k) Audit?

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...

read more
How To Become An Absentee Owner

How To Become An Absentee Owner

"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...

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What Is A Forfeiture Account?

What Is A Forfeiture Account?

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...

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5 Unique and Creative Employee Benefits

5 Unique and Creative Employee Benefits

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...

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Tax Credits for 401ks for Small Business Owners

Tax Credits for 401ks for Small Business Owners

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...

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Should You Establish A 4 Day Work-Week?

Should You Establish A 4 Day Work-Week?

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...

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Do I Need a Financial Advisor for a 401K?

Do I Need a Financial Advisor for a 401K?

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...

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Retirement Plan Options

Traditional 401K
  • Allows the owner to mold the plan around the goals of the company.
  • Can create your own matching and vesting schedule.
  • Multiple Investment Options.
  • Choice of Record Keeper.
  • Both Pre-tax and Roth options inside the plan.
  • Compliance and administration Support.

View the Quick Guide

Safe Harbor 401K
  • Allows the owner to maximize contributions without relying on high employee participation.
  • “Turn-key” matching and vesting options for easy compliance testing.
  • Multiple Investment Options.
  • Both Pre-tax and Roth Options inside the plan.
  • Choice of Record Keeper.
  • Compliance and adminstration Support

IMPORTANT DEADLINE: If you want to start a Safe Harbor 401(k)s before the end of the year, there is a deadline of October 1st.

View the Quick Guide

Simple IRA
  • “Turn-key” matching and vesting options.
  • Pre-tax contributions only.
  • Multiple Investment Options.
  • Your choice of employment qualification into the plan.
  • No administration costs.

IMPORTANT DEADLINE: If you want to start a Simple IRA before the end of the year, there is a deadline of October 1st.

View the Quick Guide

Individual 401K
  • Will allow the owner to contribute 100% of your income up to a certain point.
  • Allows the company to match your contribution.
  • Multiple Investment Options.
  • Choice of Pre-tax or Roth Contributions.
  • Compliance Support

View the Quick Guide

SEP IRA
  • Allows the owner to contribute up to 25% of your income.
  • All contributions are pre-tax.
  • Employee contributions are NOT allowed. (employer must do same amount of contribution as their own)
  • Multiple Investment Options.
  • Compliance Support

View the Quick Guide

Payroll Deducted IRA
  • Gives your company the feel of a retirement plan for your employees, even if you’re not quite ready for a 401k.
  • Allows your employees to contribute towards retirement straight out of their paycheck.
  • Choice of Pre-tax or Roth contributions.
  • Matching contributions from the employer are not required.
  • Easy online portal for the employer to submit employee contributions.
  • No administration or compliance required.

View the Quick Guide

Not sure which plan is right for you?

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