Calculating 401(k) Benefits—the Power of Tax Deferral Saving through a 401(k) plan is the best way to retire with real wealth because it is based on…
What are the Types of 401(k) Plans? With a 401(k) plan, employees can choose to defer some of their salary. Instead of receiving that amount in…
What is the Most Popular Type of 401(k) Plan? Safe Harbor 401(k) Plans are very popular with business owners and plan participants alike. The Safe…
What is a Third-Party Administrator? The third-party plan administrator (TPA) performs the most important functions in terms of maximizing tax and retirement benefits for the…
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…
What is a 401(k) Plan? 401(k) plans can be a powerful tool in promoting financial security in retirement. They are a valuable option for businesses…