6 Benefits of a Third Party Administrator

6 Benefits of a Third Party Administrator

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...
What is a 457(b) Retirement Plan?

What is a 457(b) Retirement Plan?

The type of organization that you work for can determine the retirement plan options available to you. For example, a small business will be more limited on the amount of funds that they are able to contribute to an employee’s retirement so they may pick a plan that...
Cash Balance Plan: Pros and Cons

Cash Balance Plan: Pros and Cons

Is your company thinking about switching retirement plans to a cash balance plan? Are you considering switching your own retirement savings plan to a cash balance plan? If yes to either of these questions then it is important to understand the pros and cons of a cash...
September 10th is National 401(k) Day!

September 10th is National 401(k) Day!

Did you know that of the 79% of working Americans whose companies offer a 401(k) plan, only 41% take advantage of these plans? That is why in 1996 the Plan Sponsor Council of America (PSCA) created National 401(k) Day. National 401(k) Day falls every year on the...
DB/DC Combo Plans: Factors to Consider

DB/DC Combo Plans: Factors to Consider

When it comes to retirement plans, each plan can fall into two basic categories: defined benefit plans or defined contribution plans. Within each category, there are subcategories of plans, each with its own features and unique benefits. There are also hybrid plans...