Nov 8, 2021 | Benefit Plans, Blog, Tax
One of the biggest challenges plan sponsors face is determining their 401(k) plan’s total cost, including the cost of investment management, plan administration, and participant services. Fees and costs associated with a retirement plan’s investments are...
Sep 20, 2021 | Accounting, Advisory, Benefit Plans, Blog, Tax
If your company offers employees a qualified retirement plan, it is probably a 401(k). But this popular option is not the only game in town. You may want to offer an additional retirement savings vehicle — such as a supplementary executive retirement plan (SERP) — to...
Aug 30, 2021 | Advisory, Benefit Plans, Blog, Cybersecurity, Nonprofit
The U.S. Department of Labor (DOL) is becoming alarmed by the growing prevalence and sophistication of cybercrime. In response to this mounting threat, the agency recently released a cybersecurity program best practices guide for employers and companies that provide...
Jul 5, 2021 | Advisory, Benefit Plans, Blog, Closely Held Businesses, Real Estate and Construction, SBA, Startup Business
Small employers can still provide their team members with an excellent retirement plan option. The IRS provides insights on profit sharing in the following. Overview A profit-sharing plan has the same contribution limits as a Simplified Employee Pension (SEP) Plan;...
May 3, 2021 | Benefit Plans, Blog
Have you procrastinated in setting up a tax-advantaged retirement plan for your business? If the answer is yes, you fit right in with many other business owners. Still, not having a plan in place hurts you and your business. Why? You pay more income taxes every year...
Sep 22, 2020 | Benefit Plans, Blog, Now You Know, Tax
Economic fallout from the COVID-19 pandemic may cause some cash-strapped individuals to consider taking loans from company qualified retirement plans, including 401(k) and profit-sharing plans. Although this option can provide cashflow to help bridge the gap for some,...
