Year-End 401(k) Checklist for Business Owners
The holidays are fast approaching, bringing time spent with family and friends, delicious food, and a chance to put your feet up. Maybe you’re anticipating traveling to a new destination, visiting family or enjoying a cozy staycation. Before you close your laptop for the year, there are a few simple things you should review with […]
RMDs for 401(k)s: What Advisors Need to Know for a Smooth End of Year
If there’s one thing advisors don’t need in Q4, it’s unexpected Required Minimum Distribution (RMD) drama. Don’t worry. We recently hosted a webinar covering everything you need to know about RMDs from the regulations to how they impact your clients. We have the highlights below, but be sure to watch the full webinar to be […]
Understand the Retirement Plan Transfer Process
If you have a 401(k) plan then you already know that it is a proven and powerful benefit for you and your employees. It can be a retention tool for your business, and give employees the ability to save for their future and think about what retirement looks like for them. If you have a […]
Don’t Let Your Clients Leave Their Retirement Behind
As someone who has spoken with and worked alongside thousands of financial advisors, one troubling pattern continues to emerge: many advisors aren’t taking a proactive, strategic approach to forgotten 401(k) assets. And the numbers show just how big this issue has become. The Growing Epidemic of Forgotten 401(k)s There’s an estimated $2.1 trillion in forgotten […]
Financial Planning Doesn’t Have to Be Intimidating
When people hear the words “financial planning,” it’s common for nerves to set in. Many assume it’s going to take too much time, cost too much money, or just be too overwhelming. But from my perspective, financial planning isn’t intimidating. I like to think of it the same way I think about an annual health […]
The Modern Retirement Solution: 401(k) Syndicate™
Looking for a way to scale your business? Most advisors build their retirement portfolio one plan at a time. When you introduce a 401GO Syndicate™ to an organization, such as a business association, chamber of commerce, PEO or franchise group, you open the door to dozens of businesses at once. Never heard of 401GO’s Syndicate™? […]
Safe Harbor Resources Center
Safe Harbor plans do exactly what the name suggests: they provide a secure way for small businesses to offer a 401(k) plan without the hassles of compliance testing that they often face. The 401GO deadline for 2025 Safe Harbor 401(k) plan submissions is next Friday, September 30th. Educate yourself and your clients with our Safe […]
Will Your 401(k) Pass Non-Discrimination Testing?
If you offer your team a 401(k) plan, you already know how valuable it is for attracting and keeping great people. But did you know the IRS has rules to make sure these plans don’t just favor owners or top executives? That’s where nondiscrimination testing (commonly referred to as ADP/ACP tests) comes into play. Failing […]
Understanding 401(k) Plan Audits is a Must for Financial Advisors
Navigating the complexities of 401(k) plan audits can be daunting, but crucial for financial advisors supporting plan sponsors. I recently spoke with Nate Davis from Haynie & Company on the importance of these audits and how to approach them for success. Read the highlights below. The Importance of Annual 401(k) Plan Audits Annual audits are […]
Is your 401(k) Plan Mismanaged? Check the Forfeitures
Have you been hearing the buzz about mismanaged 401(k) plans? Many of the issues coming up for companies such as American Airlines, UBS, and UnitedHealth Group are a result of mismanaged forfeited funds. Confused on what those are and what you need to do about them as a plan sponsor? There’s some simple, but important […]