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…

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)…

TPA, ERPA, QKA – What the What?

When you look at the signature after our President, Shannon Edwards’, name, you’ll notice a long list of designations – ERPA, QPA, QKA, APR, and APA. Common credentials like MD., or Ph.D. are easily recognized, but credentials in the qualified retirement plan industry are less identifiable. Even those within the industry may not know the…

Profit Sharing: Have Your Turkey and Eat it Too!

With the end of 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…

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,…

The Art of Plan Design

Offering a 401(k) plan gives employees a hand up in saving for their future. However, struggles with plan participation and contributions usually stem from the lackluster features in the 401(k) plan itself. How can a Third Party Administrator help to solve this issue? Customized plan design with plan growth and Plan Sponsor goals in mind.    …