Using Technology to Scale 401(k) Business: A Year-End Evaluation for Advisors
As the year winds down, most of us start taking stock of what worked, what didn’t, and where we can put our energy next year. For many financial advisors, the 401(k) side of their practice falls into an odd category. They like the opportunity, but the administrative work that comes with most providers makes it […]
RMDs for 401(k)s: What Advisors Need to Know for a Smooth End of Year
If there’s one thing advisors don’t need in Q4, it’s unexpected Required Minimum Distribution (RMD) drama. Don’t worry. We recently hosted a webinar covering everything you need to know about RMDs from the regulations to how they impact your clients. We have the highlights below, but be sure to watch the full webinar to be […]
The New Roth Catch-Up Rule is a Big Change for Savers
The SECURE 2.0 Act, enacted in late 2022, introduced dozens of updates to modernize the retirement savings system. While many provisions focus on expanding access and flexibility, one change in particular has drawn significant attention: the upcoming Roth catch-up requirement. This provision alters how older, higher-earning workers can contribute to their employer-sponsored retirement plans, with […]
Don’t Let Your Clients Leave Their Retirement Behind
As someone who has spoken with and worked alongside thousands of financial advisors, one troubling pattern continues to emerge: many advisors aren’t taking a proactive, strategic approach to forgotten 401(k) assets. And the numbers show just how big this issue has become. The Growing Epidemic of Forgotten 401(k)s There’s an estimated $2.1 trillion in forgotten […]
Financial Planning Doesn’t Have to Be Intimidating
When people hear the words “financial planning,” it’s common for nerves to set in. Many assume it’s going to take too much time, cost too much money, or just be too overwhelming. But from my perspective, financial planning isn’t intimidating. I like to think of it the same way I think about an annual health […]
The Modern Retirement Solution: 401(k) Syndicate™
Looking for a way to scale your business? Most advisors build their retirement portfolio one plan at a time. When you introduce a 401GO Syndicate™ to an organization, such as a business association, chamber of commerce, PEO or franchise group, you open the door to dozens of businesses at once. Never heard of 401GO’s Syndicate™? […]
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 […]
Understanding 401(k) Plan Audits is a Must for Financial Advisors
Navigating the complexities of 401(k) plan audits can be daunting, but crucial for financial advisors supporting plan sponsors. I recently spoke with Nate Davis from Haynie & Company on the importance of these audits and how to approach them for success. Read the highlights below. The Importance of Annual 401(k) Plan Audits Annual audits are […]
Is your 401(k) Plan Mismanaged? Check the Forfeitures
Have you been hearing the buzz about mismanaged 401(k) plans? Many of the issues coming up for companies such as American Airlines, UBS, and UnitedHealth Group are a result of mismanaged forfeited funds. Confused on what those are and what you need to do about them as a plan sponsor? There’s some simple, but important […]
Convert Your SIMPLE IRA to a Safe Harbor 401(k)
The dog days of August bring us annual events with summer winding down, kids getting ready to go back to school, football games right around the corner and…Safe Harbor season in the air! The 2025 Safe Harbor season is even better since companies are now allowed (since 2024) to switch from a SIMPLE IRA to […]