5 Ways a TPA Outperforms Bundled Providers
Setting up an employee retirement plan is common for businesses across America. You want your employees to feel valued, and contributing to their future retirement is a measure of goodwill you provide when they come aboard. However, your retirement plan must be...
4 Reasons You Need a TPA
4 Reasons You Need a TPA As your company juggles an array of issues from the core of the business to workers’ compensation, benefits, retirement packages, and much more, you need an advocate who can take one of these heavy (and complex) responsibilities off your...
TPA vs Bundled: Pros and Cons of Managing Your Retirement Plan
TPA vs Bundled: Pros and Cons of Managing Your Retirement Plan As an employer, you are tasked with providing your team with excellent benefits that both retain talent and offer real value. Retirement plans have always been an attractive employee benefit, but they have...
Save Taxes and Accumulate Greater Wealth for Your Retirement
If you are a business owner or receive self-employment income as an independent contractor, you may be able to eliminate current taxes on a significant portion of your income and accumulate greater wealth for yourself and your family. Unlike certain, more traditional...
Which Retirement Plan is Better for Nonprofits: 401(k) or 403(b)?
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...
The SECURE Act of 2019
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into federal law. This is the most sweeping legislation affecting retirement plans since the Pension Protection Act passed in 2006. The FAQ below provides general...
The CARES Act: Coronavirus Aid Relief and Economic Security Act
We are all being impacted by the COVID-19 pandemic in one way or another, but many are already feeling the financial burdens associated with it. The CARES Act (Coronavirus Aid, Relief and Economic Security Act), signed into law on March 27, 2020, includes several...
State-Sponsored Retirement Programs—What Illinois Businesses Need to Know
For decades, businesses have been offering various types of retirement plans to help their employees save for retirement. These retirement plans follow federal laws and allow the business to take advantage of available tax deductions by rewarding their employees....
Sole Proprietors Should Know About Cash Balance Plans
Click above to see how much your company could benefit from a Cash Balance Plan. For sole proprietors, the top priority typically is winning new business while delivering great value to current customers. That daily “balancing act” can take so much of your...
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