Establishing a 401(k) retirement plan can benefit both employees and employers alike. Employees benefit from the ability to make pre-tax contributions, potential income tax savings, increased savings with employer-matched contributions, and more.

If you're like many small business owners, you pour your heart, soul, and nearly all your money into your business. When it comes to retirement planning, your strategy might be crossing your fingers and hoping your business will provide the

Typically, high performing, successful retirement plans have high participation and contribution rates and a large number of participants who are on the path to a financially secure retirement. Employees who are satisfied with their retirement plan may be more productive

401(k) salary deferral plans are the most popular retirement plans today. Nearly every financial service company banks, insurance companies, stockbrokers offer 401(k) plan services. Some of these companies are even advertising 401(k) plans on television. You know that a 401(k)

A 401(k) plan’s design can have a significant influence on both participation and contributions. One way you can evaluate the effectiveness of your plan’s features is to use a benchmark, such as the Profit Sharing 401(k) Council of America’s (PSCA)

Once a retirement savings plan has been approved and is in place, it’s tempting to sit back and adopt an “I’m done, hands off” attitude. However, to ensure that a plan will continue to operate effectively, employers should periodically review

Approximately 47 million Americans actively participate in 401(k) retirement savings plans. Despite their popularity, however, 401(k) plan participation rates aren’t what they should be at some companies. Be it for lack of motivation, lack of understanding, or other reasons, some

If your business sponsors a 401(k) plan, you know there are complex compliance requirements. That’s one reason so many employers use service providers to help keep their retirement plans on the straight and narrow. What you may not know is

Many a company has started a 401(k) salary deferral plan for non tax as well as tax benefits. The most common non tax benefits are to retain and attract qualified employees and to motivate present employees to improve their performance.

The IRS has launched an examination project focused on 401(k) plans that operate under a safe harbor design. A 2010 IRS compliance check revealed that a high percentage of employers sponsoring safe harbor 401(k) plans may not be making the

Retirement security is a concern for everyone. But when you’re self employed, you really have to think about the future. Just as you’re responsible for generating your own income now, you’re going to be pretty much on your own during

When you work for someone else, the chance to participate in your employer’s retirement plan may be one of the benefits. But when you’re self employed, arranging to save for retirement is up to you. The good news is that

 Preventive medicine is one of today's fastest growing medical specialties. The theory that a healthy diet and lifestyle plus regular checkups can reduce the likelihood of life-threatening or disabling illnesses has gained almost total acceptance.

Plan Perhaps you are already familiar with the basic 401(k) investment principles Invest early in your career. Maximize your contributions. Allow time to work on your behalf. Follow these fundamentals and you may end up with a substantial nest egg