Are 401k fees deductible, and what about 401(k) tax credits for employers? These are vital questions for entrepreneurs and small business owners looking to establish a solid small business 401(k) plan. A well-structured 401(k) plan not only demonstrates a commitment...

The success of a business often hinges on the expertise and dedication of its key employees. These individuals are the backbone of your company, and their absence can lead to significant setbacks. In this blog post, we'll discuss how business owners can protect their...

Employees are a company's most valuable resource. They are the ones who make things happen, and they deserve to be treated well. A retirement plan is one of the best ways to show your employees that you care about them and creating a plan to incentivize the retention...

American workers are set to be the key beneficiaries of the ongoing transformation of retirement savings plans, with small businesses playing a bigger role to make this a reality. On Tuesday, March 29, 2022, the House of Representatives turned up in a big way to pass...

As an employer, it may feel difficult to support your employee's side businesses.  But first, let’s dive into why it might be beneficial to your business by supporting them. The U.S is recognized for its great economy and hardworking population. Unfortunately, the...

There are several ways to invest in real estate.  However, it depends on a few factors if real estate investors can have a 401k plan. While the joys of being a real estate investor are many, so are the stressors. One of the main stressors is that you have to plan for...

If you're not sure exactly what is a 401k controlled group, this article will help you determine if you're businesses are in one.  In what seems like an ever-shrinking talent pool, being an employer that matches 401k contributions by your employees gives you an easier...

In the coming year of 2022, employers will look forward to the newly increased 401k contribution limits for their employees. According to the IRS Notice-2021-61, the limits of most defined contributions and defined benefit plans will be increased upwards. This also...

A 401(k) plan is a complex business management aspect that most small and medium-sized businesses struggle with. Non-discrimation testing just to mention one. There's a lot to understand, from confusing legal terms to strict regulations that are hard to follow when...

Recruiting is increasingly becoming hard nowadays, and even after hiring employees, retaining them is becoming an even bigger challenge.  So, what do employees value more, higher pay or better benefits? A study shows that three million American employees quit their...

Maybe you've heard of a mega backdoor Roth 401k already.  But, how do you navigate creating one as an employer with employees?  Read below as we answer the question, what is a mega backdoor Roth 401k, and how to navigate it as an employer. Saving for retirement is...

Many employers offer 401k plans to their employees for varying reasons. However, the major incentive for starting one is the plan's tax deferral benefits, which allow high contribution limits. The current contribution limit for 2021 reaches up to $19,500 for employees...