Dec 7, 2023 | Retirement Plans
When it comes to retirement planning, plan sponsors have a choice to make. If they’re using a plan covered by the Employee Retirement Income Security Act (ERISA), they must ask themselves which is right for them: a defined benefit plan vs a defined contribution...
Nov 21, 2023 | Government Regulation, Retirement Plans
For nearly 100 years, the Davis-Bacon Act has played an important role in the lives of both federal contractors and workers. It is also important in states and municipalities that have prevailing wage ordinances. Created to address unfair labor practices in non-union...
Nov 16, 2023 | 401(k), Contributions
As we approach the new year, it’s important to stay informed about changes that may impact retirement plans. Most recently, the Internal Revenue Service has announced significant changes to 401(k) contribution limits in 2024, allowing individuals to save even...
Oct 9, 2023 | Government Regulation
As the year comes to a close, it’s crucial for employers and plan sponsors to ensure compliance with the Employee Retirement Income Security Act (ERISA). Meeting these regulations often feels complex and time-consuming, but the consequences of non-compliance make it...
Sep 20, 2023 | Retirement Plans
Retirement plan design holds significant importance as it directly impacts the financial security of employees. As a plan sponsor, your aim is to provide your employees with a retirement plan that not only offers value but also ensures stability for their future....
Aug 21, 2023 | Retirement Plans
Retirement planning can be a complex endeavor requiring careful consideration of various options and strategies to navigate. One term you’re likely to hear in discussions about retirement is “qualified retirement plan.” But what does it mean for a...
