Wasn’t it just summer? The year is flying by and that means the clock is ticking for qualified retirement plan amendments – with many requiring formal amendments by December 31, 2026. While that may seem like a long way away, it really isn’t. Now is the time to start...
When your business outsources payroll, it can feel like a great way to save time, eliminate administrative friction and benefit compliance (thus reducing the risk of error). But in reality, it usually means that when your payroll provider does TPA work, you don’t see...
For high-income earners looking to boost retirement savings, after-tax contributions to a 401(k) plan can be a powerful planning tool. However, after-tax contributions also come with rules and potential compliance issues that both employers and employees should know...
If you are an entrepreneur considering purchasing a company with a 401(k) Plan, congratulations! It’s a big step. And when you are doing your due diligence, there are a few key issues to consider. Why? It’s because when a company acquires another company, the buyer...
Here’s a question that comes up more often than you might think: What happens if a client ends their SIMPLE IRA midyear and switches to a Safe Harbor 401(k)? And – as an aside – what happens if the employee hasn’t had the SIMPLE IRA for two full years when this...
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