Author: Daniel Beck

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Why I waited to Offer a 401(K)

Why I waited to Offer a 401(K) and why you don’t have to. I have started over a dozen companies in the past decade. I’ve had successful exits from most of them and a few failures all while gaining a tremendous amount of experience along the way. At one point, I had about 15 different companies all...

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The Origin of the 401(k) Plan (Quick Review)

Where did the idea for a 401(k) plan originate? Why is it called a “401(k) plan” in the first place? And why have 401(k) plans become so difficult for small businesses to administer over the years? For the answers, we have to go back in time— back to the year 1978. Tax Tweaks in 1978 Over...

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