In the world of retirement savings, there are many options available to individuals looking to secure their financial future. One popular choice among employers and employees alike is the Safe Harbor 401(k) plan. This type of retirement savings plan offers some unique benefits and incentives that set it apart from traditional 401(k) plans. In this […]
If you own or administer a retirement plan for your employees, you may have heard about Form 5500. Form 5500 is a required annual report that provides information about the financial condition of the retirement plan. This form is used to report a wide range of information, including the number of participants in the plan, […]
Running a successful Certified Public Accountant (CPA) firm can be a complex and demanding task. CPAs are often overwhelmed with managing client accounts, preparing financial statements, and navigating complex tax regulations. In such instances, partnering with a third-party administration (TPA) firm can provide numerous benefits and alleviate some of the workload. This blog will explore […]
Planning for retirement is a crucial step in securing your financial future. For employers who offer retirement plans to their employees, finding the right administrative partner is essential. Many companies turn to third party administrators (TPAs) to manage their retirement plans. These professionals specialize in retirement plan administration and provide a range of services to […]
When it comes to managing retirement plans, fiduciaries play a crucial role in ensuring compliance with legal regulations and protecting the best interests of plan participants. However, navigating the different types of fiduciaries can be confusing, particularly when it comes to understanding the distinctions between 3(16), 3(21), and 3(38) fiduciaries. In this blog post, we […]
