November 2024

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State Required 401(k) Plans

September   15th Required contribution to Money Purchase Pension and Target Benefit Pension. 15th Contribution deadline for deducting 2020 employer contributions for those sponsors who filed a tax extension for Partnership or S-Corporation returns for the March 15, 2021 deadline. 30th Deadline for certification of the Annual Funding Target Attainment Percentage (AFTAP) for Defined Benefit […]

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Cost-Benefit Analysis of Different Plans

September   15th Required contribution to Money Purchase Pension and Target Benefit Pension. 15th Contribution deadline for deducting 2020 employer contributions for those sponsors who filed a tax extension for Partnership or S-Corporation returns for the March 15, 2021 deadline. 30th Deadline for certification of the Annual Funding Target Attainment Percentage (AFTAP) for Defined Benefit

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Comparing 401(k), SEP IRA, and SIMPLE IRA

September   15th Required contribution to Money Purchase Pension and Target Benefit Pension. 15th Contribution deadline for deducting 2020 employer contributions for those sponsors who filed a tax extension for Partnership or S-Corporation returns for the March 15, 2021 deadline. 30th Deadline for certification of the Annual Funding Target Attainment Percentage (AFTAP) for Defined Benefit

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Small Business 401(k) vs Big Businesses

401(k) Strategies That Help Small Businesses Compete Like Big Players  Small business owners often face challenges when competing with large corporations for top talent. One area where small businesses can excel is by offering competitive 401(k) plans. Retirement benefits, once seen as exclusive to big businesses, are now accessible and affordable for smaller enterprises. This

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What Trump’s New Administration Could Mean for Retirement Policies and Plans

How Donald Trump’s New Administration Could Impact Retirement Policies and Plans  As Donald Trump assumes office again, his administration may bring changes to retirement policies that could affect business owners, employees, and retirees alike. In this article, we’ll explore potential shifts in retirement planning and how Maxus Plan Solutions can help you stay ahead of

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ERISA and the SECURE Act Explained

ERISA and the SECURE Act Explained: Build a Better Retirement Plan  Offering a robust retirement plan is one of the best ways to support your employees and secure their long-term financial well-being. However, understanding the regulations behind these plans is essential to avoid compliance issues and maximize their benefits. Two critical pieces of legislation—the Employee

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Accelerated Retirement Savings Strategies

Retire Richer and Faster: 6 Effective Strategies for Accelerating Retirement Savings  For business owners who want to add real value through retirement plans, exploring ways to accelerate savings is essential. Retirement strategies like auto-increase features and catch-up contributions not only help employees build wealth faster but also demonstrate your commitment to their financial futures. These

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How Robust Retirement Plans Improve Employee Retention

The Secret Weapon for Employee Retention: Your Retirement Plan  Let’s talk about something crucial to your company’s success: keeping your best employees. We all know the frustration—you invest time and resources in finding the perfect fit, only to see them leave after a few years. It’s costly, disruptive, and damages the team dynamic you’ve worked

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How Outsourcing 401(k) Management Benefits Your Employees

How Outsourcing 401(k) Management Benefits Your Employees  In our previous article, we covered how outsourcing 401(k) management benefits your business. Now let’s look at how it helps your employees. After all, a business is only as strong as its people, and when you take care of your team, they’ll be more engaged, loyal, and productive. 

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