Jan 18, 2023 | Government Regulation
It’s official. At the end of last year, President Biden signed the bill that officially greenlit the Setting Every Community Up for Retirement Enhancement Act of 2022—better known as SECURE Act 2.0. This new legislation, which took effect on January 1st of 2023, is...
Dec 21, 2022 | Government Regulation, Plan Sponsors
When it comes to owning a business, there’s a lot to keep track of. From monitoring quality control to managing business expenses and everything in-between, you may think keeping track of your employee benefit plan records can rest at the bottom of your priority list....
Nov 17, 2022 | Contributions, Retirement Plans
Recently, the Internal Revenue Service announced It would be raising the maximum contribution limits for tax-deferred retirement plans by 9.8% in 2023. This is an exciting development for both plan sponsors and employees. With a variety of retirement plans to choose...
Oct 24, 2022 | 401(k), Retirement Plans
For workers looking to start their own business or work independently, retirement plans are available that allow these entrepreneurs to build their savings on their own. One such plan includes Solo 401(k)’s: a specific kind of retirement plan for business owners with...
Sep 16, 2022 | Retirement Plans
Among the various retirement plans business owners can choose from, profit-sharing plans remain a popular choice among many companies. While profit-sharing plans offer certain advantages to both employers and employees, they are not without considerations. Issues can...
Aug 22, 2022 | Retirement Plans
Of the many accounts out there, employers may offer certain specialized retirement options such as 403(b) and 457(b) plans. Despite the similarities between these two accounts, the plans vary in availability as well as benefits. Here, we’ll discuss the differences...