In my experience, HCM companies want to be a complete solution for their clients, and offer them a full range of the services they need. Bundling various products together and selling them under one brand creates value that is enticing to potential clients.

You’ll hear a lot about Safe Harbor 401(k) plans this month, and with good reason. But they come with a few regulations that business owners need to be aware of.

As a founder, you’re constantly juggling different responsibilities, from securing funding to building a strong team. You might wonder whether offering benefits such as a 401(k) plan is worth the effort and expense. 

So why are all the other 401(k) providers getting all worked up on social media, saying it’s urgent that the process of creating a new safe harbor plan must begin immediately if that distant deadline is to be met? Is it possible their calendars are broken?

Imagine a roofing company. If that company has an incentive to offer workers a retirement plan with company-provided matching contributions, it may be the only avenue those workers have to produce a cushion at the end of their working career. 

Cash balance plans are emerging as the hybrid that the market is looking for, as they boast the high contribution limits of defined benefit plans and the straightforwardness of defined contribution plans.