Helpful Hints for Plan Sponsors

Being a plan sponsor comes with a good bit of responsibility. You’ve taken the important step of hiring a third-party administration firm to help you navigate the myriad of processes that are required to keep your plan in compliance with applicable regulations. Below are a few helpful hints to keep your plan in compliance, avoid unnecessary...

The Retirement Income Gap

Many American workers participate in company retirement plans, methodically contributing to their accounts over time to fund for life after work. Beyond benefiting from employer-funded plans, retirees commonly draw from additional savings tucked away in IRAs or after-tax savings accounts as well. Add Social Security payments to the mix and it...

The Annual Safe Harbor 401(k) Deadlines are Coming!

The Safe Harbor 401(k) plan design is undoubtedly one of the best available. With that said, there are deadlines to adopt a Safe Harbor plan that we have to keep in mind. This article will review the benefits of a Safe Harbor 401(k), the associated requirements and Safe Harbor 401(k) deadlines to establish one, and the most cost effective Safe...

HSA vs 401(k)

If your company has decided to offer a high deductible health plan, don’t worry, you are not alone. Recent studies show that an increasing number of employers have elected to offer high deductible health plans (HDHP) either to completely replace or be offered in conjunction with a more traditional Health Maintenance Organization (HMO) plan or...

Who is an Employee?

Maintaining a retirement plan for your employees is no easy task. At various points during the year, employers and HR departments field participant questions, help with enrollments, deliver notices and statements, and participate in the distribution process. However, an additional responsibility, and one of the most important, is the collection...

How a Safe Harbor Contribution Provision Enhances a 401(k) Plan

A well-designed 401(k) plan can help to recruit and retain employees, and – for most workers who have access to a company 401(k) plan – it serves as the primary (or only) investment vehicle to accumulate savings for a comfortable retirement.  For many employers, the 401(k) plan’s effectiveness in helping owners and key personnel to save...