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Which Retirement Plan is Better for Nonprofits: 401(k) or 403(b)?

Which Retirement Plan is Better for Nonprofits: 401(k) or 403(b)?

Apr 9, 2021 | 401k Plans, 403b Plans

SummaryBefore implementing a new retirement plan, nonprofits should work with a retirement plan professional who can help the organization navigate these questions. Doing so will help the nonprofit determine if the 401(k) or 403(b) plan is right for them. The above...
3 Types of Automatic Enrollment in Plans

3 Types of Automatic Enrollment in Plans

Mar 29, 2015 | 401k Plans, 403b Plans, 457b Plans, automatic enrollment, SARSEP, SIMPLE IRA Plans

Employers and lawmakers have long grappled with how to increase employee participation in company-sponsored retirement plans. While participation has risen in recent years, especially at larger companies that have implemented automatic enrollment, the Department of...

QDIA: Protection for Plan Sponsors

Apr 5, 2013 | 401k Plans, 403b Plans, 457b Plans, automatic enrollment, QDIA (Qualifed Default Investment Alternative)

Automatic enrollment (AE) in company retirement plans can help workers increase their retirement savings, but it presents a challenge: How should the employer invest the dollars of employees who do not affirmatively choose an investment vehicle for their contributions...

Converting Pre-Tax Contributions to After-Tax Roth

Mar 11, 2013 | 401k Plans, 403b Plans, 457b Plans, Roth 401k

As part of the American Taxpayer Relief Act (ATRA) signed by President Obama in early January, all 401k, 403b, and 457b retirement savings plans now have the option to allow participants to convert some or all of their pre-tax contributions (namely, pre-tax 401k...

QDIA Safe Harbor Upheld in Appeals Court

Aug 17, 2012 | 401k Plans, 403b Plans, QDIA (Qualifed Default Investment Alternative)

As noted in our last blog post, for many years retirement plan sponsors have faced a dilemma: How should they invest contributions from employees who won’t affirmatively choose at least one investment vehicle for their contributions? More to the point: how to do...

Recent Updates

Almost all IRS limits increase for 2025 except for the catch-up contribution. But, if you are at least age 60 and no more than 63 by the end of the calendar year, your catch-up contribution limit is $11,250 instead of $7,500. Get the details here: Download PDF

The Shore Tompkins Blog

  • What Type of Retirement Plan Should My Business Implement? – Part 8
  • What Type of Retirement Plan Should My Business Implement? – Part 7 
  • What Type of Retirement Plan Should My Business Implement? – Part 6
  • What Type of Retirement Plan Should My Business Implement? – Part 5 
  • What Type of Retirement Plan Should My Business Implement? – Part 4

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