Profit Sharing: Have Your Turkey and Eat it Too!

With the end of the year and Thanksgiving nearing, many employers are looking for ways to give back! Pairing a profit sharing plan with a 401(k) plan can boost interest in the 401(k) plan for the employees, as well as adding another option in the employer’s benefit offerings. Win-win! The limit for total contributions to an…

The New Fiduciary Rule is NOT the Masked Killer of Your 401(k) Plan Business

Halloween is here and everyone’s talking about spooky creatures, costumes, trick-or-treating and scary movies. However, if you ask a financial advisor who works with retirement plans what spooks them the most, they’ll probably mention the new Fiduciary Rule. Spooky Fiduciary Legislation The new fiduciary regulations have understandably put many advisors on the edge of their…

Bedlam for Babies – 2016

Join TriStar in Supporting Infant Crisis Services! Each year, we challenge our friends and family to support this wonderful cause by helping Oklahoma’s most vulnerable residents – needy babies and their families. Whether you bleed orange or crimson, show your team spirit and support your community by donating today! This year, join us in this noble…

Going Solo – 401(k)

Self-employment isn’t for everyone. The responsibilities of maintaining the business, providing excellent care for your customers, and staying ahead of your competitors all rest entirely on your shoulders. When considering your options for saving for retirement, your time is extremely limited. Perhaps you’ve participated in a 401(k) plan in the past but assumed this option was off-limits…

Back to School – 401(k) Edition

What makes 401(k) plans so popular, and who can sponsor and participate in these plans? Our 401(k) refresher sheet answers these questions, and more! If you’d like a more in-depth lesson on 401(k) plans or other retirement plan options, contact your financial advisor. Advisors, if you’re looking for a valuable resource and local expert on retirement…

3 Things the Olympics Can Teach Us about Retirement Readiness

The 2018 Olympic Games will kick off in PyeongChang today! Even if you’ve been hiding under a rock for years, you understand the idea of the Olympics. Top-tier athletes from around the world gather to compete in their respective sports, or games, to achieve ultimate victory for themselves and for their country. What could such an…

50 Going on 65

At what point is it too late to start saving for retirement? Are you already past the point of no return (literally?) Rest assured, there are still steps you can take. Catch Up Contributions Three tomatoes are walking down the street — a papa tomato, a momma tomato, and a baby tomato. Baby tomato starts…

Retirement Plan Road Map

Setting up a 401(k) plan is similar to planning for a road trip. There are many options to choose from when considering routes to take, friends (and snacks) to bring along, locations to stop in and of course, the final destination. All of these must be chosen according to your schedule, your budget and your…

Beach Ready 401(k) Plan

Summer is here! Most of us have spent our time since New Year ’s keeping resolutions to finally get ourselves “beach ready.” Now the kids are out of school, vacations are on the horizon, pools are open and the heat is on. All of these make it difficult to muster the will to work and may…

Straw, Stick and Brick House TPAs.

As a service provider and expert in retirement plan compliance and consultation, we’ve seen our fair share of poor plan designs and compliance work on plans we take over. While there are dozens of reasons a plan may go awry, we find that many times the fault does not lie with the plan sponsor directly,…