Virginia Maritime Association’s Post

In today’s complex benefits landscape, plan sponsors face the challenge of managing retirement plans efficiently while ensuring compliance and participant satisfaction. One effective solution is the practice of involuntary cash-outs, which involves automatically distributing the retirement accounts of former employees when balances fall below a specified threshold. Integrating this provision into employer-sponsored retirement plans offers several advantages from the plan sponsor’s standpoint. The Secure Act 2.0 recently raised the involuntary cash-out threshold to $7,000, effective 2024. This shift marks a pivotal moment for retirement plan management, steering us towards deeper exploration of impacts and benefits Click here to learn more: https://lnkd.in/epvZMjBA

Retirement Plan Service Provider 'Pain Points' aka struggles or challenges? Identify them and explore transformative solutions with SWBC Retirement Plan Services. With over a century of experience, we offer expert guidance. Contact us at 866.270.4874 or visit SWBC RPS' website to learn more. #CEO #CFO #CHRO #financialadvisory #fiduciary #retirement #retirementplanning #swbc Comment below to explore SWBC's fiduciary advising solutions!

Feeling overwhelmed when it comes to deciding which type of retirement account is right for you? We often see value in exploring an IRA even if you're already paying into a 401(k). Here are things to consider and let's talk about your options.

Ashton Thomas Private Wealth is for business owners who care about more than just business. Our Institutional Retirement Plan team can help you build and maintain a 401(k) plan that does more than check a box; it truly takes care of your people. #RetirementPlanning #InsitutionalRetirementPlans

Do your retirement plan services align with current needs? Making decisions about your retirement plan can be daunting. SWBC is here to simplify the process. We offer expert guidance to manage the RFP search efficiently. Reach out today at 866.270.4874 or visit https://lnkd.in/g5Xu9ag4 to learn more. #CEO #CFO #CHRO #financialadvisory #fiduciary #retirement #retirementplanning #swbc Comment below to explore SWBC's fiduciary advising solutions!

A PEP is a pooled employer plan, and ours is called The Partners Retirement Plan. Why should you be interested? Because it can greatly reduce your workload and liability. * The PEP files a single 5500 and large-plan audit. This reduces your time (and headaches!) on these tasks. * TPG acts as the 3(38) investment fiduciary to ensure the investment options are diversified, cost effective, and best in class. * With the partnership of a pooled plan provider and 3(16) administrative fiduciary, the plan will meet all compliance deadlines and requirements. * Reducing liability is always a good idea. A PEP does just that, by placing professional fiduciaries at each position. Schedule a no-obligation consult with one of our TPG retirement specialists today – we’d love to tell you all about The Partners Retirement Plan. #401K #retirementplanning #PEP #PooledEmployerPlan #retirement #financialadvisor #pooledemployerplan #irafinancial #retirementsavings #retirementservices

If you have an employer 401k plan and you’re not taking full advantage of the match, the impact can be dramatic Today I showed a client a projected 55% increase in their retirement income by simply increasing their contribution and capturing the entire match Action step #1 before discussing any other programs or strategies

What is a #CashBalance plan? A cash balance plan is a hybrid #RetirementPlan in which the employer contributes a calculated amount on behalf of each eligible employee. The account earns a projected rate of return. The employee will gain access to their projected benefit at the time of a qualified distribution or upon retirement. The recipient may receive their benefit as a lump sum or may transfer the amount to another group retirement plan or #IRA as allowed by the plan document. Talk to your Cuna Mutual Group wholesaler to learn more: 800.491.7859 #DefinedBenefit #FinancialAdvisors #TPAs

Feeling overwhelmed when it comes to deciding which type of retirement account is right for you? Sometimes you don't need to choose – we often see value in exploring an IRA even if you're already paying into a 401(k). Read these things to consider and let's talk about your options.

Feeling overwhelmed when it comes to deciding which type of retirement account is right for you? Sometimes you don't need to choose – we often see value in exploring an IRA even if you're already paying into a 401(k). Read these things to consider and let's talk about your options.