Many business owners offer comprehensive benefits packages to recruit talented workers. Often included in those benefits packages is a retirement plan of some kind. If you’re new to running a company, you may not know which retirement plan would be best for your employees and your business. With that in mind, we want to take this […]
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What Is a Top Heavy Plan and How Does It Affect Your 401(K) Plan?
What does it mean when a plan is top heavy? Can a top heavy plan affect my 401(k)? If you’re asking those questions, you probably heard someone mention top-heavy 401(k) accounts. You’ll be interested in hearing more about them, whether you are an employee or employer. Here’s some helpful information about such plans: What Does Top-Heavy […]
What Is a Vesting Schedule and How Does It Work?
Today, employers are looking for creative approaches to keep their workers in their businesses. It has not been a more accessible experience in the entire business sector as companies feel they’ll lose their workers due to competition and the changing labor market. That is why companies are actively looking for creative ideas to remain relevant […]
Retirement Plan Eligibility Rules
When you start a new job, you might ask, "Do I qualify for a 401(k)?" Many people think about retirement benefits when they sign up for work, and 401(k) is a popular option. Here’s some information about the packages, whether you qualify, and how you can set one up for yourself. Who Qualifies for a […]
Secure Act 2.0: What Is It and What Do I Need to Know?
Recently, the United States House of Representatives passed the SECURE Act 2.0 (Securing a Strong Retirement Act of 2021) on March 29, 2022, by an overwhelming bipartisan vote, 414-5. This is after the House Ways and Means Committee unanimously approved the bill in May 2021. The bill heads to the Senate for consideration. Here are […]