401(k) Compliance: Why a TPA is Essential for Form 5500 Accuracy
Taking the risk of preparing and filing form 5500 on your own is not worth it! Many 401(k)-related administrative tasks that fall on the business owner or trustee are complex and difficult to navigate, especially the compliance issues governed by ERISA. One of the most important—and most daunting—is the requirement to file the IRS form […]
What is a 401(k) Payroll Integration and How Does it Work?
Retirement plans can be difficult to understand, and even harder to administer. Industry insiders throw around jargon, especially as it relates to a provider’s 401(k) payroll integration, and all these terms can be confusing. What do they mean? Are they bringing any actual value to a retirement plan? Let’s define the terms and explain why […]
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 […]
401(k) Success Strategies for the New Year
With focus now shifting to the New Year with a time for fresh starts, for business owners, it’s the perfect opportunity to focus on financial strategies that benefit both your company and your employees. One powerful tool to prioritize is your 401(k) plan. Whether you’re starting from scratch or looking to optimize an existing plan, […]
Everything Is Easy with 401GO – Especially the 401(k) Setup Process
I remember when I sold my first 401(k) plan back in…well, let’s just say it was long enough ago that my company at the time required us to fax in the client’s new plan paperwork to initiate the setup process. Yep, I said “fax”. It wasn’t just a few pages and a few signatures. It […]
SIMPLE IRA and 401(k): Understanding the Key Differences
When considering starting a retirement plan, businesses have several options, with the SIMPLE IRA and 401(k) being two of the most popular choices. Both plans offer tax advantages and help owners and employees save for retirement, but they differ in terms of contribution limits, administrative requirements, and flexibility.
SIMPLE IRA to 401(k) Conversion Can Be Done Anytime
Many business owners hoping to provide a retirement savings benefit for their employees begin that journey by offering a SIMPLE IRA, because they are easy to set up and maintain. But as time passes, companies often outgrow their SIMPLE IRA and seek to replace it with something more robust, such as a 401(k) plan.
401GO is the Disruptive Force Behind a New RetireTech Paradigm
Most technological advances are incremental, with new products offering small improvements over those that preceded them. Rarely does a new entrant go to market with a solution that represents an order of magnitude improvement over the status quo. 401GO happens to be an exception.
401(k) Plans are a Startup’s Secret Weapon
When startup founders learn that I work for 401GO, they often comment that they look forward to the day they can offer a 401(k) plan. And that’s my cue to start preaching.