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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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...
Retirement 101: Non-Discrimination Testing

Retirement 101: Non-Discrimination Testing

  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...

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How the SECURE Act Effects 401(k)s

How the SECURE Act Effects 401(k)s

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...

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What it Means to be a Prudent Investment Steward

What it Means to be a Prudent Investment Steward

The most heavily scrutinized fiduciary duty of a plan sponsor is its role as an Investment Steward, which also extends to members of the plan’s investment committee, trustees, and anyone else who is involved in the oversight of investment decisions for the plan....

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3 Steps to a 401K for Your Small Business

3 Steps to a 401K for Your Small Business

Small business owners may think that a 401(k) retirement plan is too complex to implement and too costly to maintain.  But offering a retirement plan is crucial to attracting and retaining employees. Nearly 51% of employees joined their current company because of the...

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Why Your Start-Up Needs a 401K Plan

Why Your Start-Up Needs a 401K Plan

Most business startups are focused on selling their products or services.  That's understandable.  If you're not selling, you're not generating revenue, and without reliable cash flow, your company struggles to survive.   But not too long after launching a business,...

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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

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