Maximizing Employee Benefits: How Administrators Can Optimize 401(k) Plans
Offering a 401(k) plan is one of the most valuable benefits a business can provide its employees. However, simply offering a 401(k) plan is not enough; administrators need to optimize these plans to ensure employees receive the maximum benefits. This guide will explore how administrators can enhance their 401(k) plans, highlighting the critical roles of […]
Navigating the Basics: A Comprehensive Guide to 401(k) Administration for Business Owners
As a business owner, offering a 401(k) plan can be a great way to attract and retain talented employees while providing them with a valuable retirement savings tool. However, 401(k) administration can be complex, requiring a thorough understanding of various rules and responsibilities. This guide will walk you through the basics of 401(k) administration, highlighting […]
Why 401(k) Plan Administrators Should Regularly Benchmark Their Plan
As a financial advisor and fiduciary, ensuring the best interests of your employees is paramount. One of the most critical responsibilities for a 401(k) plan administrator is the regular benchmarking of the plan. Benchmarking not only helps maintain the plan’s compliance with fiduciary standards but also ensures that the plan remains competitive, cost-effective, and beneficial […]