Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
401(k) Plan Basics A 401(k) plan allows employees to make contributions to a retirement plan from their pay. This is called a 401(k) deferral because instead of receiving all of their pay, the employee directs the employer to deposit a portion of their pay in the...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
In Part 2, we discussed that 401(k) plans are a good retirement plan to consider when trying to attract and retain top talent for your business. But what are your 401(k) plan options? There are actually quite a few and we provide practical pointers to help you...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan, IRA (Individual Retirement Accounts), Roth 401k, Roth IRA
The Benefits of Saving in a Retirement Plan or IRA Why should someone save in an IRA or a retirement plan, instead of a regular savings account? Individual Retirement Accounts (IRAs) and retirement plans provide tax advantages that a regular savings account does...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
In Part 1, we talked about how a SEP plan can work nicely for an owner of a business with no employees. But what is the right plan for a company with employees? Usually the best place to start is finding out the answer to this question: Why does the business want to...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan, Safe Harbor 401(k) Plans
Safe Harbor 401(k) Plan Basics A safe harbor 401(k) plan is simply a 401(k) plan that includes a safe harbor feature. There are a few options when it comes to the safe harbor feature, but by electing this feature, the employer commits to making minimum contributions...
Nov 16, 2022 | 401k Plans, Roth 401k
When thinking of retirement, most workers (and their employers) probably associate the name “Roth” with the letters “IRA.” After all, the Roth IRA has been around since the 1998 tax year and has been widely embraced by many individuals seeking to maximize their...
