401(k) Basics The Step-by-Step Guide to Offering a Small Business 401(k) For small businesses that are ready to help their employees save for retirement, the IRS website covers the actions you need to set up a 401(k) plan. In case you don’t speak in tax code, here’s a more approachable step-by-step guide.
401(k) How Much Should You Pay in 401(k) Plan Fees? Enrolling in a 401(k) is a great way to save for retirement. What many don’t realize, however, is that doing so often comes at a cost—and it’s not just employers left holding the bag.
401(k) What is New Comparability Profit Sharing? Companies like 401(k) profit sharing plans because they’re a great way to reward employees without increasing their taxable income. New comparability plans allow companies to optimize their profit sharing contributions.
401(k) Basics 2020 401(k) Deadlines for Plan Sponsors Here are some of the important deadlines that plan sponsors should be mindful of heading into the new year.
What Should You Do with Your Old 401(k)? The 3 Main Options Have you changed jobs recently or plan to in the future? If you have a 401(k) or a retirement savings account through your employer, you might wonder what happens to those funds
How to Choose the Right IRA to Roll Over Your Old 401(k) If you have a 401(k)—or similar type of retirement account—with a former employer, you might not know what to do with it. You have a few options - a popular
401(k) The Small Business Guide to 401(k) Matching Employees are more willing to save for retirement when their company chips in. Here’s what you need to know about employer matching.
5 Reasons to Start a 401(k) Plan on January 1 Thinking of starting a 401(k) plan? Great! Not sure when to actually start it? We got you. While many business owners want to start as soon as possible, this can cause some
401(k) What Does a 401(k) Plan Administrator Do? Ensuring that your company’s 401(k) keeps humming along is a big job. Here’s how plan administrators get it done.
401(k) Basics What’s the Difference Between 401(k) and SIMPLE Retirement Plans? There’s no such thing as a one-size-fits-all approach to retirement. Here’s how 401(k) and SIMPLE plans compare.
401(k) Basics What is the Form 5500? Don’t underestimate this annual reporting requirement. Here are your instructions for filing the Form 5500-series return.
401(k) Basics Traditional vs Roth 401(k): Which one is right for you? Of the employer-sponsored plans available today, Roth and traditional 401(k) plans are the two clear favorites. Here’s a breakdown of the nuances and tax considerations associated with each.
401(k) Basics Taking Care of Business: ERISA Fiduciary Duties of a 401(k) Plan Sponsor When you set up an employer-sponsored 401(k) plan for your team, you to need figure out who is going to handle the fiduciary duties, and you're probably going to come across the
401(k) Basics 401(k) Profit Sharing Plans: The Nuts and Bolts of a Great Benefit Despite its name, profit sharing in a 401(k) plan doesn’t necessarily involve your company’s profits. So what is it? Profit sharing in a 401(k) plan is a pre-tax contribution
401(k) Basics Safe Harbor 401(k): The 2019 Guide for Business Owners What is a Safe Harbor 401(k) plan? What do you have to do to offer one? And what do all those acronyms mean? Don't worry. We’ve helped many companies set up
Accountants & Bookkeepers 401(k) FAQs for Accountants and Advisors Do your clients have questions about offering a 401(k) plan? We’ve got most of the answers accountants and advisors need right here! This article is the third in a three-part series
Accountants & Bookkeepers Why Tax Pros Should Be Up To Speed on 401(k) Plans Every business owner has to make decisions that are outside his or her expertise. When it comes to small business 401(k) plans, our internal research has shown that an accountant or bookkeeper
Accountants & Bookkeepers How to Help Your Clients Choose the Right 401(k) Plan Okay, so maybe your client has asked you if they should offer a 401(k). Or maybe you’ve suggested that they offer one. Either way, do you really know how to help
401(k) Basics 401(k) Nondiscrimination Tests: How to Stay Compliant Does your company’s 401(k) plan benefit all your employees, or does it favor owners and executives who make more money? That’s what the two major 401(k) nondiscrimination tests try
401(k) Basics The 401(k) Checklist: How to Choose the Best 401(k) Provider Before we dive in, give yourself a pat on the back. Shopping for a 401(k) provider means you’re thinking about your employees and securing their financial future. Recent research shows that
Retirement Planning What is a 401(k) Plan and Should You Participate? This probably won’t come as a surprise, but Americans are lousy savers. A recent Guideline survey found that only 48% of workers feel at least somewhat confident about their ability to retire
401(k) Basics Why Your Team Needs a 401(k) and How to Get it Right According to the Economic Policy Institute (EPI), close to half of all American families don’t have any retirement savings. This uncertain future presents your business with the opportunity to build a stronger