The Benefits of Hiring a 401(k) Fiduciary Advisor
The 401(k) is the most popular retirement plan companies use to provide tax-advantage investment and retirement savings opportunities for their employees. The 401(k) plan has grown in popularity over the last 45 years, and it is the most widely used financial tool for most Americans building the wealth and income they need for retirement. Yet, […]
401(k) Services for Small Businesses: Solutions and Options
Unlocking Retirement Solutions: The Power of 401(k) for Small Businesses Today, small businesses have access to affordable, easy to design 401(k) plans to help attract and retain quality employees. Business owners can reduce their tax liability and save for their own retirement, diversifying their wealth outside of their business, while offering a meaningful benefit to […]
Three Reasons Why You Need to Participate in Your Company’s 401k Plan
In 1970 more than 45% of all private sector employees in the United States were covered by some kind of pension plan. As of 2022, that number is around 4%. What does this dramatic difference mean for the present-day worker? Well, the truth is, the next generation of retirees will rely on their own savings […]
SECURE Act 2.0: Updates to Employer Sponsored Plans
On December 29th, 2022, President Biden signed the SECURE Act 2.0 into law, just six days after the legislation had passed through the United States Congress. The goal of this new bill is to incentivize more employers to offer retirement savings benefits and remove some of the barriers to retirement saving for American workers. In […]
Everything Millennials Should Know About Starting a 401(k)
Saving for retirement is one of the most important things that a millennial can do for their future. Even though retirement is years away, saving should start as early as possible. Early retirement without the worry of money may be ideal, but the truth is it takes hard work and a lot of time. Having […]
Rolling Over an Old 401(k) – Beyond the Transfer
One great thing about employer retirement accounts is they are portable when you transition to a new employer or retire. But understanding the factors you need to be aware of and deciding what you should do with an old 401(k) is important. Below, we will identify your options for old accounts, address the reasons to […]
The 401(k) True Up: Are you losing thousands in employer 401(k) matching?
Some 401k participants are missing out on employer 401k matching contributions without even realizing it. This happens when the employer does not have a True Up feature in the 401k plan and the employee:
1. Does not maximize the employer match every pay period, or…
