Why It’s Important to Think About a Safe Harbor 401(k) Plan Now
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.
Why Your Startup Needs a 401(k) Plan Today
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.
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?
401(k) Plans Are Making a Big Impact for Construction Workers
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.
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.
Safe Harbor or Traditional 401(k): Which Is Better for Your Small Business?
Have you heard of a Safe Harbor 401(k)? Maybe you have, but you don’t know how it works. Or you know how it works, but you’re not sure it would be right for your small business. Today, we’re going to work through these questions to help you decide whether a Safe Harbor 401(k) plan would work well for your situation. At 401GO, we work with small and medium-sized businesses that want to sponsor 401(k) plans for their companies, helping to make everyone’s retirement more secure.
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.
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.