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 […]
Employer-sponsored retirement plans, such as 401(k) plans, require careful administration to ensure compliance with regulations and smooth operation. Two key roles in the management of 401(k) plans are the Plan Administrator and the Third-Party Administrator (TPA). In this blog post, we will explore the responsibilities of these two positions and clarify the difference between them. […]
As retirement savings become increasingly important, many employers are choosing to implement auto-enrollment features in their 401(k) plans. Auto-enrollment is a valuable tool that encourages employees to save for retirement by automatically enrolling them in the plan unless they actively opt-out. While this feature has numerous benefits, the process of implementing and managing auto-enrollment in […]
401(k) Contribution Deadlines for 2023 When it comes to retiring, it’s essential to start planning your retirement contribution strategies for the upcoming fiscal year. One of the most popular retirement plans is the 401(k) plan, which allows employees to save for their retirement while also receiving tax benefits. In this post, we’ll cover the 401(k) […]
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 […]
