We'll highlight what changes are immediately effective, what is on its way, and the future landscape we can expect from the recent SECURE 2.0 Act.
When it comes to selecting a 401(k) plan, you may not know where to start. You may be confused by the options, and do not know what questions to ask.
The traditional offering for a retirement benefit plan for a chamber of commerce is to sponsor a MEP. But the MEP is simply the wrong fit for this type of organization.
Many Americans tend to think that a 401(k) plan is an auxiliary benefit, much like taking vitamins to stay healthy. Regardless, the 401(k) is the primary retirement vehicle in the United States today.
A 401(k) generally has a stigma of being too expensive and too time-consuming for small businesses in particular. The reality is that it can be simplified and it can be affordable.
It’s important to look at the benefit of an MEP compared to a business directly sponsoring a 401(k) plan on their own. Here are four things that make an MEP something to consider.