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 2018, 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…

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…