by David Gensler | Jan 10, 2023 | article
Stories from the vault: “David, I’m Brenda. I’m starting a small law firm–ten lawyers and the usual clerks and secretaries. My accountant told me you’re the man to speak with when it comes to setting up our retirement benefits.” “I’m glad you called, and here’s how...
by David Gensler | Dec 20, 2022 | article
Another story from the Concierge Pension Services vault: Bob called me with a common but daunting problem. I could hear the frustration in Bob’s voice. “David, I’m hoping you can help. I’ve run my business for years. I’ve kept busy and watched it grow. Everything’s...
by David Gensler | 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...
by David Gensler | 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...
by David Gensler | 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...
by David Gensler | 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...
by David Gensler | 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...
by David Gensler | Nov 1, 2022 | article
Jeanne, the HR director for a law firm complained that the company was having a tough time passing their non-discrimination testing. Each year, they offered the same embarrassing excuse to their employees: “We failed our non-discrimination test again this year and we...
by David Gensler | Oct 25, 2022 | article
Set it and Forget it? Forget it! One of our clients, Terry, told us about a conversation she’d had at a SHRM chapter meeting. “Our Retirement Plan is driving me crazy,” Ryan complained. “So many deadlines and forms to file—and now the executives are complaining that...
by David Gensler | Jul 12, 2022 | article
We all love referrals. One of our clients told a friend about Concierge Retirement Services and we set up a phone meeting. “Hi, David. Marsha said I should call you but I don’t think you’ll be able to help. I run HR for a medium-sized business and we need to work on...
