Have you heard of safe harbor 401(k) plans? There are a lot of options and regulations out there regarding various 401(k) plans, so it can be hard to sort through them all. Are safe harbor (401)k plans right for your business? Here is what you need to know about these unique retirement plan options. What […]
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What Are the Purposes of Utilizing a Fiduciary?
What is a fiduciary used for? This person or organization acts on your behalf to manage your finances. There are several situations that could call for the use of a fiduciary. In each scenario, the fiduciary’s responsibilities vary slightly. Following are some of the most common uses of a fiduciary and how this party should […]
Quick Facts About Cash Balance Plans
We all know the importance of setting up a retirement plan and making regular contributions to it. What you might not know much about, though, are all of the different types of retirement plans out there. Cash balance plans are becoming increasingly popular among workers across the country. Continue reading to learn what they are […]
Don’t Overlook This Information About Your 401(k)
A 401(k) is one of the most popular retirement plans in America. Nevertheless, we’ve found that many workers sign up to participate in their company’s 401(k) program without reading all of the fine print. While that’s understandable—401(k)s can be a little difficult to understand—you need to know some basic facts before enrolling. Thankfully, we’re here […]
What You Should Know About the Limits for DB/DC Combo Plans
Employers who offer retirement contributions are seen as more reputable and often have a better relationship with their employees. For rewarding their employees, businesses can get tax deductions from the government. But just like with most things related to the IRS, there’s some red tape surrounding contributions and deductibles. These things can get tricky, but […]