What Actually Happens When You Fail 401(k) Testing
Do you treat 401(k) testing as a secondary, last minute task? If you understood what happens when a plan fails 401(k) testing, you wouldn’t want to put it off. While simple if caught in advance, leaving testing to last minute could result in unintended consequences. Take a minute to go beyond the technical jargon and […]
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 […]
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 […]
Green Retirement, Inc. Enhances Retirement Plan Efficiency with 401GO
Client Overview: Timothy Yee, GreenRetirement, Inc. Timothy Yee, Chief Retirement Specialist and Co-Founder of Green Retirement, Inc., employs a personalized and mission-driven approach to client servicing. With extensive experience in the financial services industry and deep expertise in retirement planning, Green Retirement, Inc. serves businesses, nonprofits, and individuals with an emphasis on socially responsible and […]
GO-Starter vs. State-Offered Retirement Programs: What’s the Difference?
When it comes to retirement planning, having a reliable savings strategy in place is key to ensuring financial stability for the future. However, with the variety of retirement plans available today, it can be difficult to choose the right one for your needs. Two prominent options for businesses and individuals are 401GO’s GO-Starter plan and […]
Why Happy Clients Ditch Their Financial Advisors (and 3 Ways to Re-Engage Them)
When a client says, “Everything’s fine! Nothing to discuss,” in all your meetings, that’s a financial advisor win—right? Not necessarily. According to Meghaan Lurtz, Ph.D., a leading global expert on the psychology of financial planning, this can be a sign of looming danger for your relationship. Fix, Fine, Flourish: How (and Why) Clients Fall Out of Love […]
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 […]
Small Business 401(k) Questions and How Accountants Can Answer Them
In my 25 years working with accountants, I have learned that small business owners lean on their accountants heavily. They’ll look to them for not only financial advice, but even technology and business development. Questions about retirement options and 401(k)s are common, and smart accountants need to have answers ready. Here’s how to lead your […]
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 […]
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.