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 […]
Part-time employment offers flexibility and convenience for both employers and employees. It allows individuals to maintain a work-life balance while still earning income. However, one issue that often arises with part-time employment is eligibility for long-term benefits and perks. In this blog post, we will explore the eligibility criteria for long-term benefits for part-time employees. […]
As a self-employed individual, it is crucial to carefully plan for your retirement. One way to do so is by considering a defined benefit plan. While most people are familiar with defined contribution plans like a 401(k), defined benefit plans offer unique advantages for self-employed individuals. This blog post will explore the benefits of a […]
There are several misconceptions surrounding the funding requirements of retirement plans, particularly when it comes to Defined Benefit Plans. Many individuals falsely believe that funding their plan is a long-term commitment that must be maintained for a minimum of three years or more. This notion often deters people from considering a Defined Benefit Plan, wrongly […]
