You Asked Your Electrician to Do Your Plumbing!?

by | Dec 6, 2022 | article

Would you ask a construction worker to decorate your house? Would you ask a computer programmer to create your next marketing campaign? It sounds crazy but so many people do the same thing with their company’s retirement plan. Rebecca, one of our team members, found...

Turning a Fail to a Pass

by | Nov 29, 2022 | article

Here’s another of my favorite stories “from the vault.” Gina was the HR director for a company that contains mostly low-compensation employees—like delivery truck drivers, call center workers, and a marketing team—and a small group of high-compensation executives at...

The Mega Back Door Roth Conversion

by | Nov 22, 2022 | article

Nobody loves taxes, but what if there were a way for you to set up a retirement account that would grow on a tax-free basis? And what if that retirement account would never be subject to Required Minimum Distributions (RMDs)? The Mega Back Door Roth IRA allows...

Missed the Deadline? Welcome News from the IRS!

by | Nov 15, 2022 | article

Susan sat down next to Ed during their SHRM chapter’s pre-meeting networking session. “Ed, I’m so bummed out! I got caught up in all the 2020 COVID madness and the deadline for restating our contribution plan blew right by me. I was supposed to file that before July...

Lifetime Income Disclosure. What’s That?

by | Nov 8, 2022 | article

Retirement Plan Professionals stay abreast of and advise you about new tax laws. Here’s one that went into effect on June 30, 2022. According to the new law, all defined contribution plans (like 401k and profit-sharing plans), must now disclose an estimate of the...