Retirement Plan Types | Fiduciary Responsibiilty | Safe Harbor 401(k) | 401(k) Fees | Plan Design | 401(k) Studies
Our Top 10 401k Blogs of 2016: What Topics Were the Most Popular?
Happy Holidays from the Frugal Fiduciary! As 2016 comes to a close, we looked back through this year’s blogs to find the most read. It turns out our most popular blogs related to the following topics:
Retirement Plan Types | Safe Harbor 401(k) | Plan Design
Safe Harbor 401(k) Plans: Answers To Common Questions
“Safe harbor” 401(k) plans are the most popular type of 401(k) used by small businesses today. They automatically pass annual ADP/ACP and top heavy tests and allow business owners to maximize contributions to the plan. To achieve safe harbor status, owners are required to make a contribution on behalf of participating employees. For many employers, that trade-off is well worth the cost. Here’s why.
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Retirement Plan Types | Retirement Planning
3 Tax Advantages of 401k Plans
401k plans offer important tax advantages for small businesses and their employees. If you are a business owner, you should understand these benefits when deciding whether or not to offer a 401k plan to your employees. Too many businesses focus on “what is this going to cost me,” rather than, “what are the benefits?” While we strongly recommend always speaking with your accountant on the topic of taxes, here is a high-level summary of the tax benefits possible by offering a 401k plan.
Small Business Retirement Plan Options: 401ks vs. SIMPLE and SEP IRAs
Defined contribution (DC) plans, such as 401(k) plans, are the most popular type of workplace retirement plan in the United States today. According to Department of Labor statistics, there are 633,021 DC plans in the U.S. (516,293 of which are 401(k) plans), covering more than 90 million total participants.