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401(k) Distributions - FAQs for Employers

401(k) Distributions - FAQs for Employers

By: Eric Droblyen

June 8th 2022

When employers do not follow their 401(k)'s distribution rules, IRS penalties can result. Our distribution guide can help employers avoid these consequences.
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401(k) Plan Design Study: Safe Harbor and Roth Adoption Is Up

401(k) Plan Design Study: Safe Harbor and Roth Adoption Is Up

By: Eric Droblyen

May 25th 2022

Proper 401(k) plan design can help a small business meet its plan goals at the lowest possible cost. Our study summarizes the designs of 4,330 401(k) plans.
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The Ultimate Guide to Safe Harbor 401(k) Plans

The Ultimate Guide to Safe Harbor 401(k) Plans

By: Eric Droblyen

March 30th 2022

Safe harbor 401(k) plans are popular with small businesses that struggle to pass IRS-mandated nondiscrimination testing. Our guide answers common questions.
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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

By: Eric Droblyen

July 21st 2021

Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.
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401(k) Earned Income – What Employers Need to Know

401(k) Earned Income – What Employers Need to Know

By: Eric Droblyen

June 9th 2021

401(k) plans must allocate and test the contributions made to self-employed individuals using a special definition of plan compensation called earned income.
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Is Your Company Part of a Controlled Group?  You Need to Know or Risk 401(k) Plan Disqualification

Is Your Company Part of a Controlled Group?  You Need to Know or Risk 401(k) Plan Disqualification

By: Eric Droblyen

May 26th 2021

IRS controlled group rules often obligate 2 or more employers with common ownership to cover their employees with the same 401k plan in order to pass annual nondiscrimination testing.
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Starting a 401(k)? A Short Initial Plan Year is Probably a Bad Idea

Starting a 401(k)? A Short Initial Plan Year is Probably a Bad Idea

By: Eric Droblyen

April 14th 2021

401(k) plans must define a plan year cycle for annual administration. Most new plans should avoid a short plan year for first year administration.
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Design a 401(k) Plan Like a Pro in 6 Steps

Design a 401(k) Plan Like a Pro in 6 Steps

By: Eric Droblyen

March 31st 2021

Expert 401(k) plan design can help small business owners meet their plan goals for thousands less. The process can be completed in 30 minutes or less.
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401(k) Plan Restatements - Save Fees With These Amendments

401(k) Plan Restatements - Save Fees With These Amendments

By: Eric Droblyen

February 3rd 2021

Most 401(k) plans must be 'restated' to reflect IRS Cycle 3 (or 'post-PPA') changes from August 1, 2020 to July 31, 2022. Here are some amendments to include.
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Roth vs. Traditional 401(k) Contributions – How to Choose

Roth vs. Traditional 401(k) Contributions – How to Choose

By: Eric Droblyen

August 5th 2020

If your 401(k) plan permits Roth deferrals, it can be worth your time to decide whether they're a better choice than traditional deferrals for your account.
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