Every year, plan sponsors are required to perform a top-heavy test as part of their annual compliance. It’s common for plan sponsors to misunderstand what that means or underestimate the potential costs of not knowing their plan’s status.

Qualified retirement plans like 401(k), profit-sharing, and safe harbor plans are valuable tools for business owners seeking to retain talent and reduce tax liability.

With National Financial Awareness Day approaching, plan sponsors often seek ways to highlight valuable plan features to their participants. The new Super Catch-Up provisions present an excellent opportunity to engage your 60-to-63-year-old employees in maximizing their retirement savings.

Take a moment this Valentine’s Day to update your retirement beneficiaries and ensure your loved ones are financially protected.

In a climate marked by the relentless surge of inflation, fluctuating interest rates, and the ever-mounting expenses associated with...

As part of the ongoing administration and management of qualified plans, the concept of mandatory cash-out options assumes a critical...

In the realm of retirement planning and 401(k) management, ensuring compliance with the Actual Deferral Percentage (ADP) and Actual...

In the current climate characterized by labor shortages, organizations are increasingly opting to rehire former employees. These...

A Defined Contribution (DC) plan is a business retirement plan and most often refers to 401(k), Profit Sharing, and Solo-(k) plans. DC...

Plan Restatements A plan restatement means the plan document is re-written in its entirety. Every six years, the IRS requires...

As cybercrimes continue to increase, more employers are requiring their third-party administration vendors to have a comprehensive...

Back to the Basics Often described as a “hybrid arrangement,” cash balance plans are a specific type of defined benefit plan. When a cash...