Mar 16, 2022 | Government Regulation
In the past 401(k) plans were able to exclude individuals who worked less than 1,000 hours per plan year. In recent years though there has been an effort to expand access to employer-sponsored retirement plans. The Setting Every Community Up for Retirement Enhancement...
Feb 10, 2022 | Contributions, Retirement Plans
At the end of 2021, the IRS announced the cost-of-living adjustments for 2022. These adjustments affect the 2022 retirement contribution limits. The Social Security Administration also announced that social security benefits would increase by 5.9% in 2022. This...
Jan 13, 2022 | 401(k), Contributions
It’s common for plan administrators, especially new ones, to make the occasional error while managing a 401(k) plan. While correcting 401(k) contribution errors can easily be done, it is important to remember that these mistakes can also lead to penalties, liability...
Dec 16, 2021 | Retirement Plans
Choosing the right retirement plan for your company or organization can be a daunting task. There are so many different types of plans and each plan functions differently. Local and federal regulations can also affect which plans are available to your company. To make...
Nov 11, 2021 | Retirement Plans
Funding for retirement plans can vary from plan to plan. Some plans are entirely funded by the employee while others have contributions from both the employee and the employer. Others, though, like a profit-sharing retirement...
Oct 28, 2021 | Third Party Administrators
Owning or managing a business can be a lot of hard work. From making sure that you find the best employees for the job to managing business expenses, there are a lot of things that need to be taken care of on a daily basis. Managing your company’s employee retirement...
