A Practical Guide for Plan Sponsors
When business owners hear the term “top-heavy,” their first reaction is often concern. That perception is common, but it is not accurate. In reality, top-heavy status is not a problem at all. For many …
Large employers searching for the best TPA to support retirement plan design might look for lists of national providers known for scale, technology, and integrated platforms. Those capabilities matter, but they do not tell the whole story. Large employers need …
Financial advisors searching for “advisor-focused TPAs” often find lists of large national firms that highlight scale, technology stacks, and broad networks. But behind the promotional language, advisors are looking for something more meaningful. They want a partner who strengthens their …
Understanding How Employer Contributions Work and How Combo Plans Maximize Them
If you’ve ever wondered whether your employer’s match counts toward your 401(k) contribution limit, you’re not alone. It’s one of the most common questions we hear from business owners …
When it comes to building long-term wealth and reducing taxable income, Defined Benefit (DB) plans can be one of the most powerful retirement tools available to business owners. Unlike 401(k)s or profit sharing plans, Defined Benefit plans promise a specific …
A 401(k) plan is one of the most powerful tools a business can use to support employees and strengthen its tax strategy. But not all plans are created equal. The real value comes from how contributions are allocated. That …
Retirement plan terminology can be confusing, even for business leaders who already sponsor a 401(k) or other benefit program. Terms like “defined benefit,” “qualified benefit,” and “pension plan” are often used interchangeably, but in reality, they refer to distinct concepts …
How Interest Crediting Works in Cash Balance Plans
Cash balance plans are a popular option for employers who want to offer a defined benefit retirement plan that presents benefits in a way similar to a 401(k), making them easier …
What Is the SECURE Act 2.0?
In December 2022, The SECURE Act 2.0 was passed bringing noteworthy changes to retirement savings in the United States. It works to make saving for retirement more accessible and flexible for individuals across various …
As a business owner, your time is precious, and figuring out how to manage that time can be overwhelming. The more success you find in your industry, the more your list of responsibilities grows. To have a firm grasp on …