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 …
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 …
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 …
A Safe Harbor 401(k) plan offers a straightforward way for businesses to help employees save for retirement while simplifying compliance for employers. Unlike traditional 401(k) plans, Safe Harbor plans require specific employer contributions,
Some clients come to us with a general goal of saving more for retirement. Others come with a very specific dream. In this case, a small business owner walked into Nydia Retirement Solutions with a clear vision. He wanted to …