Retirement Plan

Optimizing Retirement Plan for Your Small Business

Did you know a striking 75% of survey respondents age 18 to 64 have saved less than $100,000 for retirement? When you are running your small business, no two days are the same. But do you have the time and the staff to keep up with the evolving 401(k) market as well? Retirement plan accounting is pretty common for small business owners today! And according to the research, a fraction of America’s entrepreneurs are prepared …

Benefits of Retirement Plan for Employer and Employee

A retirement plan can offer various benefits for you, your business and your employees. Investing in a retirement plan can provide financial security when you and your employees get to retire from the job. Also, the retirement plan can help you and your employees to gain tax advantages and other incentives. Business Benefits Tax-deduction available for employer contributions Various flexible retirement plans are available for the employer to choose from Tax credits and other incentives …

Thinking of Maximizing 401(k) Contributions for Key Employees? Read On to Find Some Expert Tips

Is your business thriving and humming along, and you want to maximize your 401(k) savings for your top performers? Are you wondering how to allocate contributions to retirement accounts? Here we have discussed several options that help you contribute more to your employee’s retirement account. 401(k) Contribution Limits A contribution limit is set by the IRS in which it allows an employee or an employer to place into a qualified account. The maximum amount an …

Benefits of Small Business Retirement Plans

Providing a retirement plan is one of the best ways to attract and retain employees for a small business. Without a retirement plan, the owner and the employee are leaving a big part of their financial future into a question mark. Other than providing an important source for retirement savings, offering retirement plans for small business can provide various benefits. Tax Deduction for Owners The costs of executing retirement plans for the small business are …

How to Optimize the Retirement Plan for Your Small Business

When it comes to operating a small business, no two days are the same! As a small business owner, do you have the time and the staff to keep up with the evolving 401(k) market? Regulatory changes and the new entrants are presenting new risks for sponsors of retirement plans at small and mid-sized businesses. Today, the market is open with opportunities to reduce plan costs and pare the administrative burden long associated with offering …

Popular Misconceptions about 401(K)

401K plan is established in 1978 and has gradually developed to be the primary retirement plan of millions of Americans. And it is expected to continually dominate the retirement industry for a very long time. 401K retirement plans for small businesses can greatly help to attract, keep and inspirit today’s human resources. However there are lots of myths surrounding it and they are given below, It is way too expensive It might have been true …

The Ultimate Guide 101: Retirement Plans for Small Business

Why should you set up a retirement plan? The answer is: A retirement plan has lots of benefits for you, your company and your employees too. Retirement plans are specifically crafted which allows investing now itself in financial security when you and your employees retire. As an added bonus – by enrolling retirement plans, you and your employees get significant tax exemption advantages, Medicare, and incentives. By choosing retirement plans, you can enjoy the benefits …

Popular Misconceptions about 401(K)

401K plan is established in 1978 and has gradually developed to be the primary retirement plan of millions of Americans. And it is expected to continually dominate the retirement industry for a very long time. 401K retirement plans for small businesses can greatly help to attract, keep and inspirit today’s human resources. However there are lots of myths surrounding it and they are given below, It is way too expensive It might have been true …