November 14 2016

How Changes in Retirement Lead to a Retirement Income Gap

Part 1 of a 2 part series. A drastic shift has taken place over the past couple of decades when it comes to how Americans prepare financially for retirement. In short, the primary responsibility for retirement savings has shifted from employers to em...

November 11 2016

Controlled Group Rules Require Multiple Businesses to Be Treated as One

Under the controlled group rules, two or more business entities with common ownership are to be treated as a single employer for qualified retirement plan purposes.  A company sponsoring a retirement plan may need to provide those same benefits for e...

November 02 2016

2017 Qualified Plan Limits Announced

Autumn is here, which means leaves are changing color, football season is in full swing, and it’s time for government agencies to release new retirement plan limits for the upcoming year. 

October 31 2016

7 Questions Plan Sponsors Must Ask Potential Retirement Plan Advisors

The choice of a retirement plan advisor is one of the most important decisions you will make as a plan sponsor. Choosing the right retirement plan advisor will greatly increase the chances that your plan is successful in helping both your company and...

October 27 2016

Understanding 401(k) Contribution Limits

  Qualified retirement plans like 401(k) plans encourage employees to save money for their own retirement by giving them a current tax break if they participate in their employer’s plan and make contributions to their 401(k) account. Specifically, em...

October 11 2016

Is Your Business Following These 401(k) Best Practices in Plan Design?

Making the decision to sponsor a 401(k) plan is an important step in helping you and your employees save money for retirement on a tax favored basis. But it’s just the first step. Once you’ve decided to offer a plan, the next step is to focus on how ...

October 05 2016

401(k) Fiduciary Responsibility: What You Need to Know

As the sponsor of an employee retirement plan, it’s critical that you understand the concept of fiduciary duty. Fiduciary is a fancy word that conveys a simple concept: You are legally required as a fiduciary to put the interests of plan participants...

September 29 2016

Could Your Company Benefit From a Cross-Tested Retirement Plan?

It’s not uncommon for business owners to want to contribute more money to their own retirement accounts and those of selected employees than they do to the rest of their employees. Similarly, companies sometimes want to contribute more to older emplo...

September 22 2016

Decisions, Decisions ... A Comparison of Small Business Retirement Plans

 Offering a retirement plan to your employees is one of the best decisions your company can make. Qualified retirement plans like 401(k) plans offer tax benefits to your employees and your business while also serving as a powerful employee recruiting...

September 07 2016

Can You Be Past Age 70½ and Not Take 401(k) Distributions?

An apparently erroneous response in a recent financial advice column has inspired us to share some basic rules about Required Minimum Distributions (RMDs) from qualified retirement plans.  RMDs are sometimes called “70½ distributions” because that is...