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!

 

Blog

Introducing the QACA Safe Harbor 401k

As an employer, there are two general goals attempting to be met when starting a retirement plan.  Either to retain and recruit high quality employees, or to save money on taxes while saving for your own retirement. For most, the Safe Harbor 401k is an easy way to...

Should You Offer a 401k Plan or Health Plan First?

As an employer, making the decision whether you should choose a 401k plan or a group health plan can be a difficult one. Employees have similar characteristics like consumers, and they value benefits from the company they choose to work for.  Before accepting a job,...

Which One Is Best? SEP IRA vs. Solo 401k

The number of self-employed Americans is rising by the day. According to Gallup, 30% of American workers were self-employed.  Being self-employed doesn't mean you'll fail to benefit from the tax benefits that formal employees get as conventional retirement plans....

401k 101: What is a vesting schedule?

401k's are a great way for employees to save up for retirement, and part of being a successful business owner is to understand how they work.  One aspect of 401k's you should be familiar with is "vesting".  This article will give a brief outline of vesting and its...
Introducing the QACA Safe Harbor 401k

Introducing the QACA Safe Harbor 401k

As an employer, there are two general goals attempting to be met when starting a retirement plan.  Either to retain and recruit high quality employees, or to save money on taxes while saving for your own retirement. For most, the Safe Harbor 401k is an easy way to...

read more
Should You Offer a 401k Plan or Health Plan First?

Should You Offer a 401k Plan or Health Plan First?

As an employer, making the decision whether you should choose a 401k plan or a group health plan can be a difficult one. Employees have similar characteristics like consumers, and they value benefits from the company they choose to work for.  Before accepting a job,...

read more
Which One Is Best?  SEP IRA vs. Solo 401k

Which One Is Best? SEP IRA vs. Solo 401k

The number of self-employed Americans is rising by the day. According to Gallup, 30% of American workers were self-employed.  Being self-employed doesn't mean you'll fail to benefit from the tax benefits that formal employees get as conventional retirement plans....

read more
401k 101:  What is a vesting schedule?

401k 101: What is a vesting schedule?

401k's are a great way for employees to save up for retirement, and part of being a successful business owner is to understand how they work.  One aspect of 401k's you should be familiar with is "vesting".  This article will give a brief outline of vesting and its...

read more
Safe Harbor 401(k) Plan Deadlines

Safe Harbor 401(k) Plan Deadlines

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...

read more
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...

read more
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...

read more

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?

Take our Retirement Plan Evaluator for guidance!

Couldn’t find the answer to your question?

Schedule a consultation with one of our plan experts today!

Schedule Your Consultation and Start Saving Today!

Fill out the form below and a member of our team will contact you shortly.

  • This field is for validation purposes and should be left unchanged.