SECURE 2.0 Check-In: Three Employee Groups That May Need Extra Attention
While many of the major provisions of SECURE 2.0 are already in effect, plan sponsors still have work to do as they operationalize the changes. This summer is a good opportunity to review how the legislation affects different segments of the workforce before small administrative issues become larger compliance concerns. Here are three employee groups […]
The New Roth Catch-Up Rule is a Big Change for Savers
The SECURE 2.0 Act, enacted in late 2022, introduced dozens of updates to modernize the retirement savings system. While many provisions focus on expanding access and flexibility, one change in particular has drawn significant attention: the upcoming Roth catch-up requirement. This provision alters how older, higher-earning workers can contribute to their employer-sponsored retirement plans, with […]
Green Retirement, Inc. Enhances Retirement Plan Efficiency with 401GO
Client Overview: Timothy Yee, GreenRetirement, Inc. Timothy Yee, Chief Retirement Specialist and Co-Founder of Green Retirement, Inc., employs a personalized and mission-driven approach to client servicing. With extensive experience in the financial services industry and deep expertise in retirement planning, Green Retirement, Inc. serves businesses, nonprofits, and individuals with an emphasis on socially responsible and […]
Understanding the Automatic Contribution Arrangement (ACA)
Financial security in retirement is a goal many aspire to achieve, but saving for the future can often fall by the wayside in the midst of life’s immediate priorities. Enter the Automatic Contribution Arrangement (ACA) — a framework designed to simplify and encourage consistent retirement savings through employer-sponsored plans. What is ACA? The Automatic Contribution […]
Navigating 2025 SECURE Act 2.0 Provisions
Several major 2025 SECURE Act 2.0 provisions are set to go into effect. These changes are designed to enhance retirement plan access, improve savings opportunities, and provide greater flexibility for both employees and employers. For business owners and financial advisors, understanding these provisions is crucial to navigating the evolving retirement planning landscape. Here’s a breakdown […]
Colorado SecureSavings Pros and Cons
Batman vs. Superman. Hulk vs. Wolverine. Frankenstein vs. Dracula. These are legendary contests, and while we don’t claim that 401GO vs. Colorado SecureSavings is as entertaining as the others, we assert that the results are much more relevant. Our contest is more like a presidential debate than a boxing match, and we’re letting you decide who the winner is.
The Tax Benefits of Retirement Plans
Most people know that socking money away in a 401(k) is a good strategy for helping to ensure a more secure retirement. But not everyone understands the tax benefits involved — not just for participants in the plan, but also for the business owners and corporations that sponsor the plans. And although small-business owners stand to gain less than larger businesses in the form of tax breaks, these gains are often more valuable to a small business because they have less flexibility in their budgets.
Are Small Businesses Required to Provide a 401(k) Match?
As a small-business owner, if you’re thinking about sponsoring a 401(k) plan, you may wonder about a company match. Are small businesses required to offer a 401(k) match, or is it merely an option? The short answer is no, you don’t have to provide matching contributions to your employees’ 401(k) accounts, but there are good reasons to do it anyway. Below, we discuss the pros and cons of providing employer matching contributions as part of your 401(k) plan.
Is Secure Choice Good for Workers? No. It’s Not.
States are celebrating their secure choice retirement mandates as a major solution to the American retirement crisis, but workers say otherwise.
U.S. News: 401GO Discusses Safe Harbor 401(k) Plans
By setting up a safe harbor 401(k), a business can provide its employees with the same tax benefits as a regular 401(k) plan but skip the onerous annual testing requirements.