Business Transactions Will Affect Your 401(k) Plan

Rick Pummill, CLU, QPA, QKA The Retirement Plan Company Rick has worked over 30 years in the development, management & administration of qualified retirement plans. Rick earned a Bachelor of Arts degree in Economics from Dartmouth College & received his Chartered Life Underwriter (CLU) designation from the American College and his...

It’s All in the Design…

For many new Plan Sponsors, and even those savvy at running company retirement plans, understanding plan design can be daunting. Industry terminology, IRS code sections, and complicated illustrations can make understanding difficult. As a retirement plan service provider, we try to ensure that your plan design is the most optimal for your group...

Complying with Safe Harbor Deadlines

All 401(k) plan contributions have deposit deadlines, and it’s up to 401(k) fiduciaries to meet them. Yet, many are unclear about the deadlines applicable to their 401(k) plan. That confusion can easily lead to late contributions. Most of the confusion surrounds the deadline to deposit amounts withheld from employee wages, i.e., 401(k) pre-tax,...

Bucket List: Retirement

The economy continues at its strong pace, keeping unemployment at its lowest rate in nearly 50 years. While this is usually good news, employee financial vulnerability is clouding this sunny forecast. The repercussions are impacting their ability to save for retirement. Millennials are the most stressed by their financial situations, followed by...

401(k) Pay – A New Payroll Integration

Attention: Say goodbye to manual data inputs. Our new 401(k) Pay Payroll Integration makes managing 401(k) plan contributions easy! Managing payroll contributions in a retirement plan can be a time-consuming process. As a plan sponsor you are most likely in charge of the payroll for your business. Part of that process in a 401(k) plan mean...