The Pension Pulse
Our team of experts stay on top of all the latest regulatory and legislative changes as well as industry trends. Pension Pulse is written by our team to distill these complex topics down to what you need to know without the extra jargon and noise. It’s our way to keep you well informed.
Give the articles a read and let us know if you have questions about how the information may apply to your situation.
Payroll Takeover Client
We receive a lot of inbound inquiries from financial advisors and CPAs asking us to review their client’s retirement plans. The scenario below is representative of an inquiry we received from a financial advisor who took on a new law firm client. During the advisor’s onboarding process, they discussed the law firm’s current 401k plan and reviewed the historical contributions and current account balances.
The Hidden Value of a Dedicated Third-Party Administrator for Your Retirement Plan
As a qualified retirement plan third-party administrator (TPA) specializing in serving small and medium-sized businesses, we’ve seen firsthand how the right support can transform a 401(k) from a basic benefit into a powerful tool for employee retention and business growth. Yet, we often hear from financial advisors and CPAs that if a plan’s design is straightforward, there’s no need for a dedicated TPA – opting instead for bundled providers or payroll companies seems sufficient.
Understanding Eligibility, Coverage, and Participation in Cash Balance Plans
Cash balance plans are a powerful retirement savings tool, but they come with specific rules about who can participate and how benefits are distributed. Employers have flexibility in determining eligibility for both 401k and cash balance plans, but they must comply with legal standards to ensure fairness and compliance.
Planning Ahead Amid Market Volatility – Considerations for Defined Benefit and Cash Balance Plan Sponsors
Defined benefit and cash balance plans generally provide annual benefit accruals based on a formula outlined in the Plan Document. In plain terms, this means that the benefits owed to plan participants increase each year. To fund these increasing benefits, contributions are made by the sponsoring company, supplemented by investment returns from plan assets.
Investing Cash Balance Plan Assets
Cash balance plans are becoming increasingly popular for higher income small-to-medium sized business owners. We recently published…
Mega Backdoor Roth: Part 2
In part one, we described a mega backdoor Roth. In this second entry, we dive deeper into why we typically recommend it for only Solo 401(k)s or husband/wife plans.
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