Tyler Bradshaw

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How to Keep Retirement Benefits Strong During Economic Uncertainty

How to Keep Retirement Benefits Strong During Economic Uncertainty     Economic uncertainty—whether caused by inflation, market fluctuations, or recession fears—can create significant challenges for business owners. When finances tighten, it may be tempting to cut costs wherever possible, including retirement benefits. However, scaling back your company’s 401(k) or other retirement plans can have long-term consequences, […]

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Roth vs. Traditional 401(k)

Understanding Roth vs Traditional 401(K): Helping your Employees Make the Right Choice    Retirement planning can be overwhelming—not only for employees but also for the employers who support them. Two of the most popular retirement savings options are Roth and Traditional 401(k) plans. But what sets them apart? And how can you, as a business

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Impact of Secure Act 2.0 on Retirement Savings

How SECURE Act 2.0 Is Reshaping Retirement Savings   The SECURE Act 2.0, passed in late 2022, is revolutionizing the way Americans save for retirement. Designed to enhance savings opportunities, simplify compliance, and provide greater flexibility, this legislation introduces substantial changes that impact employers and employees alike. For business owners offering retirement plans, the Act

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The Ultimate Guide to Understanding Your Fiduciary Responsibilities

The Ultimate Guide to Understanding Your Fiduciary Responsibilities   As a business owner or plan sponsor, comprehending your fiduciary duties is essential to managing a retirement plan effectively. Fiduciaries bear the responsibility to act in the best interests of plan participants and beneficiaries, adhering to the highest standards of conduct. In this three-part series we’ll

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Overcoming Common Barriers to 401(k) Participation

Overcoming Common Barriers to 401(k) Participation   The success of a 401(k) plan depends heavily on employee participation. Yet, many business owners struggle to encourage their workforce to take full advantage of these retirement savings opportunities. Understanding the specific barriers that prevent employees from enrolling or contributing at adequate levels is crucial to improving participation.

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Pooled Employer Plans (Pros and Cons)

Pooled Employer Plans: A guide to the Pros and Cons   As the retirement landscape evolves, businesses are exploring innovative ways to offer competitive benefits while managing costs and administrative responsibilities. Enter the Pooled Employer Plan (PEP)—a relatively new solution gaining traction among small and medium-sized businesses.  But is a PEP the right fit for

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State Required 401(k) Plans: Part 3

Part 3: Why 401(k) Plans Are a Long-Term Investment in Your Business’s Success   In Part 1, we introduced state-required retirement plans and discussed their limitations. In Part 2, we highlighted the many advantages of transitioning to a 401(k) and how Maxus Plan Solutions can help make that transition seamless. Now, in Part 3, we’ll

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