Safe Harbor Auto Enrollment: What Is It, What Are the Different Plans, and What Are the Requirements? Auto enrollment is a feature offered in retirement plans that encourages employees to save for their future by automatically enrolling them in the plan. Safe Harbor Auto Enrollment takes this concept a step further by providing certain benefits […]
The Advantages of a Defined Benefit Plan for Self Employed If you are a self-employed individual, you may be wondering what options you have for retirement planning. While many people are familiar with Individual Retirement Accounts (IRAs) and 401(k) plans, a lesser-known option that can provide significant advantages is a defined benefit plan. In this […]
Secure Act 2.0: Recent Changes The SECURE Act 2.0, officially known as the Securing a Strong Retirement Act of 2021, is a proposed legislation aimed at improving retirement savings and expanding retirement plan access. If passed into law, this act would introduce several significant changes that could impact individuals’ retirement planning and financial strategies. In […]
What Is a 401(K) Plan Administrator and How Is That Different From a Third Party Administrator? When it comes to managing a 401(k) plan, there are several key roles involved. Employers or plan sponsors are responsible for selecting and offering the plan to employees, while asset managers manage the investments within the plan. However, the […]
How Do We Fix 401(K) Plan Mistakes? A 401(k) plan is an employer-sponsored retirement savings plan that allows workers to save and invest a portion of their income before taxes are deducted. These plans are designed to help workers save for their retirement years, with the expectation that the money will grow tax-free until it […]
