Safe Harbor 401(k) Plans

Fall weather is on the horizon, which means the deadline to establish a Safe Harbor 401(k) plan for this year is nigh! Adding a Safe Harbor provision is a simple and popular option for plan sponsors, and we revisit the benefits of adding a Safe Harbor provision to a 401(k) plan often on our blog.…

Taxation Without Representation

Taxation Without Representation How I Passed My Passion for Retirement Saving On to My Children Many Americans are struggling with themselves over their own retirement savings strategy. Some are praying Social Security will be enough. Some are participating in employer sponsored retirement plans, but haven’t planned or budgeted for how much they’ll actually need to…

Fee Assessment & Plan Benchmarking – 401(k) Fight Club?

Advisors, it’s time to pick up your swords and shields and fight for your clients’ retirement plans!   No, we’re not talking about a possible advisor “Fight Club.” If we were, we’ve already broken the first rule of Fight Club (don’t talk about Fight Club.) We’re talking about fighting against the encroaching fees, underperforming investments,…

Spring Cleaning – Terminated Participants’ 401(k) Accounts

Spring cleaning. Some look forward to it, others dread it. If we’re honest, the more thorough we are with our spring cleaning, the better off we are throughout the year. We recently published a post explaining the benefits of rolling money out of the plan for terminating participants. Now, it’s the plan sponsor’s turn. It’s time to…

Are Your Old 401(k) Accounts Home Alone?

Are you ever struck by the feeling you’ve forgotten something when you’re already out the door on the way to work? Maybe you left the oven on. Perhaps you forgot to lock the front door. Or, like the plot of Home Alone, maybe you forgot your child while scrambling through your morning routine! (Hopefully not…

The Perfect Concoction for a Successful 401(k) Plan

Brightscope recently released its 8th annual list of the top 30 401(k) plans (2016). Big names like Delta, the NFL, Southwest, UPS and Google made the list. If you’re a small business owner or an advisor for retirement plan sponsors, attaining a spot on this list may seem far-fetched. So, how do you make your 401(k)…

Trust Trumps Fees

2016 brought us one of the most contentious election seasons to date. Even now, as we prepare for our new president to take office in a few short days, representatives from both camps are still reeling from the results and their implications. We’re all leaning in out of excitement, curiosity or anxiety as we wait…

The Census is Coming!

Consider this our midnight ride to prepare you for the inevitable – the census is coming! As we look forward to 2017, we and all other compliance consulting firms servicing qualified required plans are beginning our year-end data collection process. Service providers like TriStar require a yearly refresh of our clients’ census data. This data is…

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…

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…