Annual Retirement Plan Questionnaire
https://yoursummit.com/wp-content/uploads/2023/10/Plan_Sponsor_Guide-Annual_Retirement_Plan_Questionnaire.pdf This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. ©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or […]
6 Common Administrative Tasks That Can Morph Into 401(K) Plan Headaches
Managing a 401(k) plan can leave even the most seasoned administrators feeling overwhelmed. With proper support, you can simplify the complex task of retirement plan management. Top 401(k) Plan Headaches The first step is to understand the potential problems. Here are some common issues that can cause headaches for plan sponsors: Uploading Payroll Determining Eligibility […]
Wrapping Up 2023: A Comprehensive Guide To End-Of-Year 401(K) Tasks
As the end of 2023 draws near, those responsible for their company 401(k) plan have much to consider. With a combination of standard annual tasks and new SECURE Act provisions on your plate, we are here to help you. This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those […]
Boosting Profits And Savings: 5 Tax Strategies For Business Owners
For business owners, striking a balance between operating costs and profit is the cornerstone of success. Operating costs include everyday expenses like salaries, rent and supplies. Profit, on the other hand, is what remains after all these operating costs have been paid. It’s the reward for the risks taken and the value created by your […]
401(K) Plan Sponsors: Don’t Forget These 5 Year End Tasks
The end of the year is fastapproaching; that means 401(k) plan sponsors have their work cut out for them. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/10/Social_Card-5_Year-End_401_k_Tasks.pdf
Unlock Employee Potential With Effective And Appealing Total Rewards Program
Employers are adding holistic benefits and introducing programs designed to improve employee satisfaction. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/07/Plan-Sponsor-Guide-Employee-Total-Rewards-Program.pdf
Should You Add An Automatic Safe Harbor IRA To Your Plan?
High employee turnover could lead to a rise in small 401(k) accounts. Explore how adding a Safe Harbor IRA provision to your plan may help reduce plan costs and potential fiduciary risks. In 2022, more than 50 million Americans left their jobs and in the last two years, there has been record-breaking employee turnover. While […]
Building Financial Confidence
People who work with a financial advisor report lower levels of financial anxiety and higher levels of happiness. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2023/07/Social-Card-Building-Financial-Confidence.pdf
How Can Our 401(K) Plan Help Us Attract And Retain Star Employees?
With thoughtful design features, you can structure a 401(k) plan that stands out in a time of talent scarcity and meets your employees’ needs. Looking to attract and retain high-quality talent in today’s competitive labor market? Enhancing your 401(k) plan design could be the answer. It could increase your employees’ retirement security and financial well-being […]
SECURE Act 2.0: What 401(K) Managers Need To Know For 2024
Required for 2024 Luckily, the required changes for 2024 are minimal. Requirement Summary Long-term, part-time employees become eligible to participate in the 401(k) plan. Catch-up contributions are required to be Roth if the participant earns more than $145,000 in W-2 compensation. Long-term, Part-time Employees As part of SECURE 1.0, there is an important provision about […]
