What Type of Retirement Plan Should My Business Implement? – Part 2
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...
Cash Balance Plans: More Understandable, Flexible than Traditional DB Plans (#3 of 4)
Updated 1/1/2019: In our previous post (#2 in this series) we looked at the wealth-accumulation advantages of cash balance plans. Discussing these advantages with business owners (your clients) is essential to selling a cash balance plan. But because clients “live...
3 Types of Automatic Enrollment in 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...