For many small business owners, establishing a Safe Harbor 401k plan is beneficial and is a choice worth looking at as it provides excellent tax and retirement benefits for both the employer and employee.  By having a great retirement plan for your employees, you...

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...

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,...

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...