A common question we get when calculating Employer contributions is what is a true-up? A true-up is anytime a Plan Sponsor might have a contribution (most commonly a match but we’ve seen non-elective, too), that is calculated and deposited throughout the year (usually on a payroll basis) but the Plan […]
401(k)
These various plan types can be used for varying goals and stages within a business. For example, a business may start with one plan type and then evolve over time. Other times features of plan types may not be available. For a complete analysis, please contact us and we’d be […]
SIMPLE IRAs, SIMPLE 401(k)s and traditional 401(k)s: A comparison
When working with your financial advisor and third party administrator (TPA) to create a retirement plan, there are several considerations: What is the purpose of the plan? Tax savings Retirement readiness for owner(s) or other staff members Employee benefit Ideally, a retirement plan covers all three of the above goals, […]