Aug 18, 2021 | Retirement Plans
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...
Jul 14, 2021 | Retirement Plans
There are many different options when it comes to funding your retirement. Some of those options are available through your workplace, while others you can save yourself. Deciding which plan is right for you can be stressful. Whether you go through your employer or...
Apr 15, 2021 | Plan Sponsors, Retirement Plans
Plan sponsors across the country are preparing for the Cycle 3 restatement set forth by the IRS. A restatement is a rewrite of retirement plan documents to include recent legislative and regulatory changes that occurred since the last restatement. The IRS requires...
Feb 18, 2021 | Government Regulation, Retirement Plans
As part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, a $325 billion title has been assigned to the Paycheck Protection Program or PPP. The PPP loan program’s purpose is to assist businesses with hardships surrounding the...
Jan 12, 2021 | Retirement Plans
A tax-deferred retirement plan is a retirement account that allows participants to postpone paying taxes on their invested money until it is withdrawn at retirement. The contributions into the account are made with pretax dollars which results in a lower income...
Dec 15, 2020 | Retirement Plans
When it comes to saving and preparing for retirement, there has been a continuing retirement savings crisis across the country. In response to this crisis, some states have introduced mandatory automatic enrollment plans for employers in these states to offer a state...
