Category: Plan Advisory and Co-Fiduciary Services

There are over 90 provisions in the Secure Act 2.0.  Hear from  RSG’s clients’ perspective on the legislation addressing student loans, emergency savings, ROTH employer contributions. The two driving themes that directly address the social problem of the American savings culture are: 1. more tax credits/incentives for businesses to offer the programs  2.a significant increase in pushing auto-enrollment and auto-escalation features

Headlines have been alerting us to worst surge in prices and inflation since February 1982. We'll discuss the consequences for your retirement plan.

A Company’s Mission Statement expresses its culture, values and agenda to the outside world as well as within the organization. When benefits duly reflect the mission, Employees are motivated to work with a higher sense of purpose and feel rewarded for their efforts. This leads to happier employees, more productivity and increased utilization of benefits like the Retirement Plan.

Given the complexity and the multiple responsibilities associated with running a company retirement plan, Plan Sponsors should not hesitate to admit that the process can be overwhelming. Particularly, if they attempt to tackle it on their own. No matter the type of company or size of plan, building a Retirement Plan Oversight Committee which includes internal representatives who partner with an outside expert, is not only a best practice but a standard protocol recommended.

Businesses differ from each other in countless ways, from what they offer to how they are run. But they all have one thing in common, and that is the desire to reduce expenses and increase profits. Business Owners are willing to explore every avenue to get there but they often overlook the opportunity to do so through their company retirement plan. Under the right circumstances, working with a consultant experienced in the complex area of advanced plan design can produce a dramatic boost in tax savings and wealth accumulation for both Employers and their Employees.

A retirement plan is a critical business asset that should be part of any merger and acquisition review and plan. Taking the first steps may require a retirement advisor to collect data, assess coverage requirements, perform some aggregate testing and review compliance. Mergers create a need for a multi-plan conversion strategy. And retirement plans begin to work harder for your business with due diligence on the funds, the plan design and participant pricing and educational resources.

Financial wellness happens when financial education is tailored specifically to each milestone in your life and your career. It is the goal individuals strive for, combining the right steps to maximize financial opportunities, overcome financial obstacles and make managing your money stress-free.

It can be very exciting for employers to reach the stage in their business where they are able to provide a retirement plan to their employees. It can be equally disappointing if those employees don’t take advantage of the benefit.

For small businesses, choosing between Simple, SEP and 401(k) Profit Sharing Plans is as much about knowing what’s right for your business as it is about finding the right plan for you and your employees.

A Mega Backdoor Roth lets you maximize your savings while minimizing your taxes and in the process you could put away substantially more. Understanding just these few key points about how it works as well as when and for whom it works best will help you know if this retirement plan option is right for you.