Considering retirement benefits for the first time? 🔍 A Starter 401(k) could be your solution. Their low costs and streamlined compliance make these plans a great choice for businesses offering their first #retirement benefit. https://lnkd.in/eQEDz8Si
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Providing your employees with the opportunity to save through a 401(k) retirement plan is a valuable benefit that helps them build financial security for retirement. Any company that provides a 401(k) needs to be aware of mandatory government compliance tests that ensure a company's plan does not discriminate in favor of highly compensated or key employees. Compliance testing ensures that companies administer their 401(k) plans fairly and equally, in accordance with the rules established by the Employment Retirement Income Security Act (ERISA) of 1974. https://ow.ly/g6Fv50SueKE #401k #403b #Pensionmark #orangecounty #oc #retirement #planadviser #fiduciary #retirementplanning #financialplanning #pension
401k Plan Compliance Testing: What Your Company Needs to Know
worldadvisors.com
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Though workplace retirement plans can have their advantages, most people don’t realize they’re missing out on benefits. Here’s what to look out for when adopting a 401(k) plan. https://lnkd.in/eXenKUvE #UdellAssociates #WealthEnjoyment
Don't make these common 401(k) mistakes. With one, many ‘aren't even aware’ they're missing out, expert says
cnbc.com
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Providing your employees with the opportunity to save through a 401(k) retirement plan is a valuable benefit that helps them build financial security for retirement. Any company that provides a 401(k) needs to be aware of mandatory government compliance tests that ensure a company's plan does not discriminate in favor of highly compensated or key employees. Compliance testing ensures that companies administer their 401(k) plans fairly and equally, in accordance with the rules established by the Employment Retirement Income Security Act (ERISA) of 1974. https://ow.ly/g6Fv50SueKE #401k #403b #Pensionmark #orangecounty #oc #retirement #planadviser #fiduciary #retirementplanning #financialplanning #pension
401k Plan Compliance Testing: What Your Company Needs to Know
worldadvisors.com
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While retirement savings plans can help employees prepare for their future, it’s important to also understand the notable 401(k) benefits for employers. Here are some benefits employers can enjoy by offering a 401(k). #PaychexProud #HCM
Employer Advantages of 401(k) Plans | Paychex
paychex.com
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The 401(k) plan, launched in 1978, quickly became a hallmark benefit for large corporations to draw in top talent. Yet, its high setup and maintenance costs have historically put it out of reach for many small and mid-sized businesses (SMBs). Fast forward to today, and while over 90% of companies with 500+ employees offer a 401(k), only 12% of businesses with fewer than 100 employees do the same. Change is on the horizon, though. Thanks to recent legislative updates like SECURE 1.0 and 2.0, new initiatives such as Pooled Employer Plans (PEPs) and start-up tax credits are making 401(k) plans more accessible for SMBs. This shift is encouraging more SMB employers to step into the retirement market, creating opportunities and challenges for retirement service providers such as recordkeepers, TPAs, and plan advisors. The rise in SMB sponsors brings a demand for more personalized retirement solutions and places a greater administrative load on recordkeepers. In our latest article, we delve into the challenges faced by retirement service providers in accommodating first-time SMB sponsors and discuss how recordkeepers can effectively manage this growing clientele with innovative, automated solutions. https://lnkd.in/ed785eyj #SMB #retirement #RetirementPlanning
Challenges of Managing Small Business Retirement Plans | Finch
tryfinch.com
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Passionate Insurance Agent & Registered Representative | Helping Clients Secure Their Future with Tailored Solutions!
The most popular type of employer-sponsored retirement plan is the 401(k) plan , but what if your employer doesn't offer one #letsprotectit #lifehappens #agentnewell #protectedbyaredhead #liveyourbestprotectedlife #protectionfromthewhatifs #preparefortomorrow
How to Open a 401k … Without an Employer | Farm Bureau Financial Services
fbfs.com
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First Vice President-Director, Wealth Management | Raymond James | Helping Families and Business Owners Build & Protect Wealth
Implementing retirement plans not only stabilizes a business's organizational structure but also offers tax benefits when employers establish their own plans! #BusinessTips #RetirementPlanning #taxbenefits
The good business of saving for someone else's retirement
raymondjames.com
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When you are saving for retirement in a 401(k) account, the standard advice is to put aside enough to capture your employer’s matching contribution. That makes sense, since the contribution represents a risk-free 100% return on every dollar you save.
Are 401(k) matching contributions all they are cracked up to be?
advisorstream.com
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When you are saving for retirement in a 401(k) account, the standard advice is to put aside enough to capture your employer’s matching contribution. That makes sense, since the contribution represents a risk-free 100% return on every dollar you save.
Are 401(k) matching contributions all they are cracked up to be?
advisorstream.com
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When you are saving for retirement in a 401(k) account, the standard advice is to put aside enough to capture your employer’s matching contribution. That makes sense, since the contribution represents a risk-free 100% return on every dollar you save.
Are 401(k) matching contributions all they are cracked up to be?
advisorstream.com
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