Category: Plan Design

Gain actionable insights for optimizing efficiency and compliance through strategic retirement plan analysis. Examine key metrics like participation and deferral rates, asset allocation, and auto-enrollment. Understand the impact of upcoming SECURE 2.0 amendments, offering guidance on how to future-proof your retirement plan for 2025 and beyond.

The SECURE 2.0 Act introduces several important changes affecting 401(k) plans, starting in 2025. Plan sponsors should prepare for these updates to ensure compliance and optimize their retirement plans.

Let’s explore some of the critical elements of workplace retirement plans.

To help prevent potential retirement delays, consider retirement income solutions to boost participants’ confidence in their future financial security.

This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those end-of-year 401(k) tasks that require your attention including plan design review, SECURE Act preparation and impact on businesses, Required Minimum Distributions (RMDs), employee deferrals and more.

By utilizing tax-friendly strategies, owners can reduce their tax liability, effectively boosting profits without increasing sales or cutting costs. Let's delve into some of these strategies and explore how they could potentially bolster your business's financial health, reduce taxes and help you save for retirement.

Are you eager to supercharge your retirement savings beyond the limits of your 401(k) profit sharing plan? If so, you might be intrigued by the idea of combining your existing plan with a defined benefit plan. This dynamic strategy, known as a "combo plan," can significantly enhance your retirement benefits by leveraging the strengths of both plan types. In this article, we'll explore the concept of combo plans and highlight key considerations for those looking to maximize their retirement savings.

The appeal of PEPs for employers is in mitigating personal liability and controlling costs, and has been particularly attractive choice both small business and for audited plans with 100+ participants. Understand the common infrastructure of PEPs, emphasizing their cost-effectiveness compared to single employer plans, with built-in coverage for plan audit expenses and fiduciary responsibility. With this retirement plan option, there will be consideration of PEPs in future RFPs and significant growth in PEP adoption over the next five years.

This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those end-of-year 401(k) tasks that require your attention including plan design review, SECURE Act preparation and impact on businesses, Required Minimum Distributions (RMDs), employee deferrals and more.

High employee turnover could lead to a rise in small 401(k) accounts. Explore how adding a Safe Harbor IRA provision to your plan may help reduce plan costs and potential fiduciary risks.