Will Your 401(k) Pass Non-Discrimination Testing?
If you offer your team a 401(k) plan, you already know how valuable it is for attracting and keeping great people. But did you know the IRS has rules to make sure these plans don’t just favor owners or top executives? That’s where nondiscrimination testing (commonly referred to as ADP/ACP tests) comes into play. Failing […]
The Role of Alternative Assets in 401(k) Plans
Traditionally, 401(k) plans have centered around stocks and bonds, often following a 60/40 allocation strategy. This kind of asset allocation has historically returned about 8.8% annually from 1926 to 2023 based on U.S. market data. However, many investors and advisors are rethinking their retirement strategies by exploring alternative assets to diversify their portfolio and potentially […]
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 […]
Year-End Checklist for Payroll and Benefits Compliance
As 2024 comes to an end and things quiet down for a few days, it’s a good opportunity for outsourced payroll and benefits administrators to make sure 2025 begins in full compliance. Here’s a list of important items you’ll hopefully have buttoned up already. 1. Payroll Compliance 2. Benefits Compliance 3. Tax Compliance 4. Vendor […]