The Small Business Guide to 401(k) Matching
Many employers are looking for ways to enhance their 40(k) plans. One of the best ways to do this is by offering a matching contribution to plan participants. A matching contribution is when an employer contributes to an employee’s retirement account based off of the employee’s deferrals. There are several reasons an employer may want […]
Discover the Hidden Value in Your Organization’s Retirement Plan for a Post-Coronavirus Pandemic Era
The coronavirus has upended business as usual and we’re all concerned about what our life, career and business will look like in a post-coronavirus pandemic era. And how we respond to the challenges today will determine the success we enjoy tomorrow. An interesting study conducted by Gartner in 2019 found that companies who opted to […]
SIMPLE IRA & SIMPLE 401(K) vs 401(K) – Which is Better for Your Small Business?
SIMPLE 401(k) plans and SIMPLE IRAs are often a popular choice for many small businesses. They’re low cost and easy to set up and maintain, making them an attractive option for small businesses wanting to offer a retirement plan without all of the compliance testing and reporting requirements typically found in retirement plans. But is […]
Furloughs, Layoffs, and Terminations – What’s the Difference?
As the coronavirus continues to heavily burden businesses throughout the country, many employers are looking for ways to reduce their costs. Furloughs, layoffs, and terminations are becoming increasingly more common under the recent economic circumstances. But what, exactly, is the difference, and what does this mean for your 401(k) plan? Furlough vs. Layoff vs. Termination […]