Retirement planning is an essential aspect of financial security, both for business owners and their employees. As businesses seek strategies to maximize contributions and ensure their workforce is well-prepared for retirement, they often explore various types of retirement plans. Among the available options, a new comparability plan stands out as an effective method to maximize […]
The passage of the Secure Act 2.0 has introduced a range of changes aimed at making retirement planning more accessible and streamlined for Americans. For small businesses, these updates present both opportunities and challenges, particularly when it comes to 401k plans. This blog will explore the key changes brought about by the Secure Act 2.0, […]
Missing critical compliance deadlines can be stressful, especially for small business owners juggling multiple responsibilities. One such important task is filing Form 5500, which is crucial for maintaining the compliance of your 401(k) or other employee benefit plans. If you have missed Form 5500 filing, this guide will walk you through the steps to mitigate […]
Navigating the complexities of benefits management, retirement plan administration, and compliance can be daunting for businesses of all sizes. This is where a Third-Party Administrator (TPA) comes into play. For businesses in Phoenix, working with a TPA offers a streamlined way to manage employee benefits while ensuring compliance and efficiency. Let’s explore the role of […]
The SECURE Act 2.0 is set to bring transformative changes to the retirement planning landscape starting January 1, 2025. Designed to enhance retirement savings opportunities, expand plan participation, and simplify compliance for employers, this legislation represents a significant evolution in retirement policy. For individuals and businesses in Phoenix, Arizona, understanding these updates is crucial to […]
