How To Make A 401(k) Contribution For Your Employees When You Can’t Afford An Ongoing Match

How To Make A 401(k) Contribution For Your Employees When You Can’t Afford An Ongoing Match

Posted on by Mark OlsenLeave a comment

One of the things employees get most excited about regarding retirement plans is matching contributions. While this is “free money” to the employees, it is not to the company sponsoring the plan. A lot of large companies offer matching contributions, but many small- and mid-size businesses just aren’t financially stable enough to do so.

What can you do if you want to help your employees save towards retirement, but can’t afford to promise a certain percentage every year? Make discretionary contributions.

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How To Select and Monitor Service Providers for Your Employee Benefit Plan

How To Select and Monitor Service Providers for Your Employee Benefit Plan

Posted on by Mark OlsenLeave a comment

As a retirement plan sponsor, you know that you have a big responsibility. Most plan sponsors find that the responsibility of running a plan and keeping it compliant with federal law is beyond the scope of their interest and skill level. Luckily, there are many service providers and other professionals that can help you fulfill your duties.

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Why Your Retirement Consultant Matters

Why Your Retirement Consultant Matters

Posted on by Mark OlsenLeave a comment

The top financial concern for most Americans is not having enough money for retirement. This is a real worry for about ⅔ of workers. As a retirement plan sponsor, you can help combat those fears. Sponsoring a retirement plan is a big responsibility. Are you up to the task? Do you feel that you have the knowledge and expertise to design and run a plan that will maximize participant savings? Most plan sponsors don’t. So they hire a retirement consultant.

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