A Complete Review of the Best Owner-Only 401(k) Plans

Let's take a comprehensive look at the various components of an owner-only 401(k) savings plan and how both employers and employees can benefit. Contributions to an Owner-Only 401(k) Plan Employer – Contributions by the business to the plan are tax-deductible in the year made, up to specified maximum amounts.  In addition, employer contributions are not … Continue reading A Complete Review of the Best Owner-Only 401(k) Plans

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Will Retirement Plans Really Create a Successful Business?

As a business owner, hiring and retaining employees who are loyal and become an integral part of the company dynamic is key.  Providing these employees with more than just a paycheck may mean the difference between a business thriving and one that fails. The power of a qualified retirement plan helps business owners attract and … Continue reading Will Retirement Plans Really Create a Successful Business?

Does Your Business Offer One of These Retirement Plans?

Offering a retirement plan is often necessary for a business to attract and retain the best employees.  There are seven major types of retirement plans utilized by companies: Defined Benefit Plans Defined Contribution Plans Profit Sharing Plans 401(k) Plans Roth 401(k) Option Simplified Employee Pension Plans SIMPLE Retirement Plans Determining which type is best for … Continue reading Does Your Business Offer One of These Retirement Plans?