In the landscape of employer-sponsored retirement plans, two prominent options often dominate the conversation when it comes to maximizing tax efficiency and retirement savings: the traditional defined benefit plan and the cash balance plan. Both offer powerful tools for business owners and key employees to build wealth, lower taxable income, and enhance talent retention. But […]
The retirement landscape for businesses in Glendale, AZ is undergoing constant change, with more employers than ever seeking robust solutions to attract and retain top talent. Among the most consequential decisions business owners must make is choosing between defined benefit plans and defined contribution plans. Both options fall under the broader umbrella of employee retirement […]
As a small business owner in Arizona, navigating the world of retirement planning can be overwhelming. With a variety of options available, it can be hard to determine which plan is best for your micro-business. Two retirement plans that have gained popularity among self-employed individuals and business owners are the Safe Harbor 401(k) and the […]
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 […]
