Mar 16, 2023 | Choosing a Retirement Plan, SIMPLE 401(k) Plans, SIMPLE IRA Plans
SIMPLE 401(k) Plan Basics In Part 5 of this series we looked at the specifics of the SIMPLE IRA plan. Now let’s examine its “close cousin,” the SIMPLE 401(k). A SIMPLE 401(k) plan is a combination of a regular 401(k) plan and a SIMPLE IRA. When would...
Mar 16, 2023 | Choosing a Retirement Plan, SIMPLE IRA Plans
SIMPLE IRA Plan Basics In Part 4 of this series we covered features common to all 401(k) plans. Now let’s look at another plan type, the SIMPLE IRA. A SIMPLE IRA plan allows employees to make contributions to a retirement plan from their pay just like a 401(k)...
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...