Life, Inc. Learning Center

Do you qualify for tax credits?

The SECURE 2.0 Act that passed in late 2023, offers a substantial amount of tax credits for new plans starting in 2023. 

See if you qualify, and for how much instantly.

Which plan is best for you?

Need help navigating which plan is best for you and your business? 

Instantly see which plans make the most sense for you and your business.

Let’s Start

With A Proposal

How to Protect Your Key Employees: Life and Disability Insurance for Business Owners

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...

4 Retirement Plans That Your Employees Will Want to Stay For

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...

Securing A Strong Retirement Act of 2022 (SECURE 2.0)

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...

Should You Support Your Employee’s Side Businesses?

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...

Can Real Estate Investors Have A 401k Plan?

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...

What Is A 401k Controlled Group? Here’s Everything You Need to Know.

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...

IRS Announces New 401k Contribution Limits For 2022

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...

How Does Annual 401(k) Non-Discrimination Testing Work?

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...

What Do Employees Value More: Higher Pay or Better Benefits?

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...

What is a Mega Backdoor Roth 401k

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...
What is a Mega Backdoor Roth 401k

What is a Mega Backdoor Roth 401k

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...

What Is An HCE And How Does It Affect Your 401k Plan?

What Is An HCE And How Does It Affect Your 401k Plan?

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...

Should ESG Investments Be Included In A 401k?

Should ESG Investments Be Included In A 401k?

The topic of adding ESG investments inside of a 401k plans has been a popular topic as of late. On March 10, 2021, the U.S. Department of Labor announced its endorsement of two rules which had been on hold under the Trump administration. The first rule that will not...

Employer Tax Benefits of a 401k

Employer Tax Benefits of a 401k

The 401k plan is among the most popular employer-sponsored retirement benefits plans in the United States. Data indicates that there were approximately 600,000 401k plans in 2020, with about 60 million active contributors.  In this article, we’ll discuss employer tax...

Simple IRA vs. 401k | The Pitfalls of a Simple IRA

Simple IRA vs. 401k | The Pitfalls of a Simple IRA

Choosing between a Simple IRA vs. a 401k can be overwhelming. After all, the plan that you choose will determine the trajectory of your small business going forward. Among other things, your decision for a retirement plan will determine your: Own retirement prospects...

How To Get Your Employer To Add A 401k Plan

How To Get Your Employer To Add A 401k Plan

Once upon a time, many employees working at private companies depended on a traditional, defined-based pension from their employer.  These days, many are pondering how to get their employer to offer a 401k plan. In 1978, 401(k) plans were created as a supplement to...

The Pitfalls To NOT Having A 401k Offering

The Pitfalls To NOT Having A 401k Offering

In January 2021 it seemed that everyone you ran into on the street was discussing the latest developments in the stock market. The experience was rather jarring for some. There has always been a class of people that meddles in the stock market, but it seemed that...

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...

Speak With A 401(k) Expert