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…

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…

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.    …

Is It Time to Sail Into a Safe Harbor 401(k)?

Although it seems like it’s still a million miles away, October 1st is just around the corner. What is the significance of the October 1st mile marker? Once we reach October 1st, it is too late to start a new Safe Harbor 401(k) Plan for the 2015 plan year. Newly established plans must be up…

Automatic Enrollment Features

According to the DOL, 30% of Americans with access to a workplace savings plan, like a 401(k), don’t participate in the plan. As a plan sponsor, this can be frustrating because you want your employees to save for retirement and you want your company to reap the tax benefits of sponsoring a plan. Automatic enrollment…