Sponsoring a defined contribution plan like a 401(k) is an excellent way to attract and retain employees, but it also comes with significant administrative and compliance responsibilities. Between IRS regulations, Department of Labor (DOL)...
By: Esther Peterson ASA, EA, MAAA The dream of a gold watch and a big retirement party is fading fast for many Americans. Our current methods of saving for retirement may no longer be enough. The Retirement Savings Disparity In early 2026, the...
Each year the IRS sets limits on the amount an individual can contribute (known as income they defer) through elective contributions to their retirement accounts. The limit applies to any 401(k), 403(b), SAR-SEPs, and SIMPLE-IRA plans, with the...