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...

Retirement plans are not a "one size fits all," and there are a variety of programs for you to choose from. However, it is imperative to go over your specific employer's retirement options and understand their particular requirements and how they match up with your...

If you are considering a retirement plan for your business, a payroll deduction IRA is the simplest option. No plan documents are needed. As an employer, you have no filing requirements, and you do not make contributions. What could be simpler than that? A payroll...

When looking through retirement packages, you may notice that there are not only a lot of options, but there are a lot of people that are involved with the whole process. Understanding these different individual roles and the functions they play in your overall...

  Starting a new 401(k) match plan can be daunting. So many impactful questions arise when the time comes for a business to consider adding this benefit. If you find yourself thinking more and more about a 401(k) match, keeping the facts straight is important....

  When you are a business owner, your priority is to generate revenue in your company. You want to hire the best talent to maximize your profits through improved performance and productivity. One way to attract high-quality personnel is by offering an attractive...

  There are a lot of benefits that come with a 401(k) retirement savings plan. Not only is it a great incentive to retain employees, but it's a great way to plan for retirement and save on taxes. However, because of the substantial tax benefits that go with a...

How The SECURE Act Affects 401(k)s Recently, Congress passed one of the largest changes to the retirement plan industry in a decade. The Setting Every Community Up for Retirement Enhancement Act, also known as The SECURE Act, has been years in the making. The SECURE...

The Department of Labor requires you to benchmark your 401K at least once every three years, but it's actually recommended that you benchmark your 401K more frequently. Benchmarking is important because you'll need to evaluate your current 401K plan against other...