What is a 401(k) Record-Keeper? The primary purpose of a 401(k) plan record-keeper is to keep track of the plan money. Record-keepers are also responsible…
What is 401(k) Plan Testing? Plan sponsors must test traditional 401(k) plans each year to ensure that the contributions made by and for rank-and-file employees…
How do 401(k) Plan Contributions Work? Two of the advantages of participating in a 401(k) plan are: (i) elective deferrals to the plan and investment…
Why Save Through a 401(k) Plan? The biggest advantage of saving through a 401(k) plan is that contributions are elective and can be can create…
The Advantages of Establishing a 401(k) Plan There are many important benefits as an employer for establishing a 401(k) plan, including lower cost and tax…