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Archive

Uncommunicative employee? It’s YOUR problem

August 16, 2022

Things that “aren’t your problem” before the introduction of your 401(k) very much become your problem once you have a plan to administer–especially when reviewed in[...]

Auto-enrollment is awesome. Here’s what NOT to do

July 15, 2022

Auto-enrollment is great for your employees. It helps with one of the challenges we all face: inertia. Instead of slogging through a complicated process to enroll in[...]

Pros and cons of Safe Harbor matching contribution plans

June 24, 2022

To ensure 401(k) plans don’t unfairly prioritize senior executives, the IRS uses an annual test usually called ADP. The ADP test compares the average salary deferral[...]

7/31 deadline for Cycle 3 restatement

May 15, 2022

It may seem everything is going well with your pre-approved 401(k) plan. But are you on course for Cycle 3 restatement? Pre-approved plans are those sold to employers by[...]

You think you’re in compliance… your tech says otherwise

April 20, 2022

Today’s cloud-based business systems simplify and streamline processes like never before. They can help teams around the world collaborate as if they were just around the[...]

You need to know your policy inside and out

March 28, 2022

A retirement plan is one of the most valuable employee benefits you can offer. By giving your people peace of mind about the future, you’ll inspire them to new heights. But a[...]

PPP is complicated enough

February 18, 2022

In 2021, Paycheck Protection Program loan recipients were hit with two pieces of important news: First, the obvious: Many PPP loan holders entered the period where they could[...]

Audit

What the heck is SAS 136 and why you should care

January 17, 2022

Your independent auditor has always adhered to auditing standards established by The Audit Standards Board of the American Institute of Certified Public Accountants[...]

401K Plan Mistakes

Top three 401k plan mistakes made this year (and how they might still affect you)

December 16, 2021

You probably already know your 401k plan must satisfy certain plan qualification requirements enforced by the IRS. But what you may not know is that if your plan fails to meet[...]

Myths vs Facts

“We’ll take care of the 401k audit for you” and other myths

November 15, 2021

There are many benefits to having a 401(k) plan for your employees, such as retirement savings for your team, reduced taxes on wages, and reduced taxes for the employer, to[...]