Enjoy Your Summer: 401GO Can Set Up Your Safe Harbor 401(k) in Minutes
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?
Why a Cash Balance Plan is Good for Small Businesses
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.
Technology is a 401(k) Game Changer for Small Businesses and Financial Advisors
401GO’s founders are serial entrepreneurs who wanted to offer their employees the many benefits of a 401(k) plan — only to discover that the status quo presented impediments serious enough to make it nearly impossible.
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.
403(b) Contribution Limits
A lot of people are familiar with 401(k)s, even though the name could not possibly be less catchy or memorable (if you didn’t know, it’s named for a tax code). Fewer people are familiar with 403(b)s, which are essentially retirement vehicles for those working for nonprofits, such as teachers, the military and other government workers. A 403(b) is very much like a 401(k), but there are some differences that are worth knowing if you work for a nonprofit, such as what the contribution limits are.
OregonSaves Pros & Cons
OregonSaves, the country’s first state-mandated Secure Choice retirement plan, celebrated its sixth birthday in 2023. It already has $200 million invested on behalf of the approximately 118,000 workers in the state who use the plan to save toward their retirement.
4 Key Questions Retirement Plan Advisors Should Ask Small-Business Owners
We have put together a list of questions that will help you determine what your clients need and want — in a timely and efficient manner.
How Financial Advisors Can Assist with State Retirement Mandates
Financial advisors will play a vital role in guiding small-business owners through the complex business not only of implementing these new mandates, but also of avoiding incurring penalties for non-compliance.
Strategies for Boosting Employee Participation in 401(k) Plans
Since the more participants you have, the better your plan works, we want to go over with you some ways in which you can encourage and successfully convince employees to participate in your 401(k) plan.
The Hidden Dangers of PEP Retirement Plans
While some business owners may realize some distinct advantages of joining a PEP versus implementing their own 401(k) plan, there are some downsides to going this route.