Group 401k Plan
More Information About 401k Plans
401(k) Design—Avoid the Pitfalls (09/15/2006)
When most companies make the decision to sponsor a 401(k) retirement plan, they usually have a general idea as to what they want in such a benefit. Most plan sponsors would agree that at a minimum, service providers should offer solid investment fund choices, helpful educational tools, participant web access, timely quarterly statements, and the latest in report generation and administrative processing. read more...
401(k) Investment Incentives (09/18/2006)
The SIMPLE plan, or Savings Incentive Match Plan for Employees, is part of the sweeping legislation passing in August 1996 that will change 401(k) pension plans for small businesses. Features of the SIMPLE plan offer numerous benefits to small business owners, such as tax deferral and low administrative costs. read more...
401k Delivery Products (09/22/2006)
401k vendors use three main models to deliver products to business owners and plan sponsors: the bundled model, the unbundled model, and the alliance model. Understanding these models will help make you a smarter shopper when choosing your vendor. read more...
Employee Leasing Pays (01/09/2007)
A Professional Employer Organization (PEO) provides employers with integrated business services--managing the employer's human resources and risk issues. Employee leasing with a PEO is becoming commonplace because it benefits employers. PEOs handle all aspects of employee administration, freeing employers to do what they do best. read more...
Finding Hidden 401k Fees Can Save on Plan (08/22/2006)
401k hidden fees that plan providers don't tell you about can cost you by cutting into your savings. Business owners can save significantly on 401k costs by watching for hidden fees in service plan provider structures. Save on 401k plan fees by shopping around, being an informed buyer, and choosing quality, lower-cost fee 401k investment plans. read more...
From 401k to IRA (09/22/2006)
The 401k is just one of many various retirement plans for your business to choose from. Financial plan service providers can provide details about which plan is right for you. Depending on your needs, plans vary from the 401k to the SIMPLE plan, and the SEP plan to the Money Purchase Plan. Ask yourself some basic questions when choosing.
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How the 401k Retirement Plan Works (08/24/2006)
The 401k plan is one of the best retirement planning options available. With the 401k retirement plan, investment funds consistently accumulate, while providing many other benefits. The 401k has tax benefits and flexible investment options, making the retirement plan a good return on contributions. read more...
Know What 401k Fees Should Cost (08/22/2006)
What 401k fees cost for your 401k services? 401k fees can be unreasonable. To determine if your 401k expense fees are reasonable, run a benchmark study to determine if costs justify benefits. Compare your 401k costs with similar plans for an accurate determination. read more...
Meeting Your 401k Fiduciary Responsibilities (06/05/2006)
Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an employer can make. The employees participating in the plan, their beneficiaries, and the employer benefit when a retirement plan is in place. Administering a plan and managing its assets, however, require certain actions and involve specific responsibilities. read more...
Plan Providers and Consultants Ensure 401k Compliance (08/25/2006)
Business owners are responsible for ensuring 401k compliance. They should consult with 401k expert compliance advisors or 401k plan providers to establish compliance that places legal liability for poor investment choices with 401k participants. read more...
Reducing your 401(k) Liability (05/30/2006)
As an employer and sponsor of a 401(k) Plan, your company shoulders a significant responsibility. Fiduciaries can be held personally responsible for the Plans they oversee. This is why it is critical to take the appropriated steps in order to reduce potential liability. Being “prudent” and having a documented “process” for decisions made within your Plan has proven to be critical. In addition to... read more...
Retirement Planning Points (09/22/2006)
Building a strong 401k plan for your business requires financial planning. Be aware of the basic steps involved in the process. Whether you run a small business or large corporation, or whether you implement the retirement plan yourself or hire a financial professional, know the basic points to watch. read more...
The Self-Employed 401k Retirement Plan (08/10/2006)
Opening and contributing to a 401k retirement plan is for any small business, even for a business owner who is the only employee. Just like any 401k retirement plan, the Self-Employed 401k retirement plan gives a tax break and helps save for the future, but there are other financial benefits. The Self-Employed 401k accommodates the modern entrepreneur on many levels. read more...