If you feel like you’re missing out on big company retirement benefits, check out a solo 401(k). Sometimes referred to as an individual 401(k), a solo 401(k) plan provides valuable savings and tax benefits, while enabling you to build retirement income. Who’s eligible? You are eligible to participate in a

With group medical plan coverage costs projected to increase between 5% and 6% next year, employers are in a tough spot. Keep offering this valuable coverage and absorbing big cost increases as part of their overall recruitment, retention, and engagement efforts, or consider an alternative that’s growing in popularity: Individual

While most of us were putting the final bows on holiday presents, on December 23 Congress passed the Secure 2.0 Act, with promises of adding tens of billions of dollars to retirement savings and offering new retirement plan features over the next decade. On December 29, President Biden signed the

At various times of the year, the IRS announces benefit plan limits for the following year. It’s important to understand these limits – and make sure your benefit-eligible employees do, too – in order to maximize what your company and employees get out of the benefit plans you invest in

Some employers had found a competitive edge in recruiting and retention by offering student loan assistance benefits. Others were considering adding them to their rewards programs. Then, Biden’s student loan relief was passed, leaving employers to ponder their next move. As reported on BenefitsPro.com in September, 4 of 10 employers

If you’ve been racing to comply with SECURE and CARES Act retirement plan amendment deadlines, take a breath! In August, the IRS issued Notice 2022-33 extending some deadlines. As reported by the Society for Human Resource Management (SHRM), private sector 401(k) plan sponsors who took advantage of benefit changes under

With four and a half months remaining in 2022, benefits and compensation planning are high on the list of priorities for everyone from Chief Financial Officers (CFOs) and Human Resources (HR) teams to Total Rewards staff, and for good reason. In the past, it was common for employers to ask

If you sponsor a defined benefit plan and/or defined contribution multi-employer plan, take note! There are a few updates to Form 5500 effective for 2022 plan year reporting (Source: Mercer.com; “Latest Form 5500 Updates”). Form 5500 is used to report about a plan’s qualification, financial condition, investments, and operation. All