Is It Time To Benchmark Your Retirement Plan?
While your 401(k) plan may not have a chirping reminder, regular reviews, fee benchmarking, and a prudent process are key. Just as we routinely replace the batteries in our smoke detectors, it’s equally crucial to give your company’s 401(k) plan the attention it deserves. Often, retirement plans are treated like a smoke detector with fading […]
Demystifying The Fiduciary File
A well-organized fiduciary file and comprehensive process can help you meet your fiduciary duties. Check Out this Summit Resource: https://yoursummit.com/wp-content/uploads/2024/01/Social-Card-Whats-In-Your-Fiduciary-File.pdf
The Power Of Profit Sharing
Unlocking Tax Relief and Employee Appreciation: The Power of Profit Sharing Profit sharing is not just a tool to reduce your company’s tax liability; it is also a powerful means of expressing gratitude towards your employees. As we close the books on last year, employers often find themselves looking for ways to lower their impending […]
What’s In Your Fiduciary File?
https://www.youtube.com/watch?v=QhljG-fQyKI If the Department of Labor were to ever knock on your door, we want you to be prepared! Applying the essential requirements and best practice ideas on how to safely store fiduciary documents could help to lessen the possibility of litigation. Watch this 90 second video to learn more about: the primary documents that […]
2024 Contribution Limits
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
