A well-designed 401(k) plan is a powerful tool for attracting top talent, retaining employees, and helping them build long-term financial security.
Avoiding Costly Errors: Common 401(k) Plan Mistakes That Can Trigger IRS Penalties Read More »
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
Impact of Secure Act 2.0 on Retirement Savings Read More »
State Retirement Plans: Is Your Business Ready? As retirement savings become a growing priority for governments and employees, state-sponsored retirement programs are gaining traction across the U.S. These initiatives aim to address gaps in retirement savings access but also present challenges for business owners. While they may simplify the process, they lack the flexibility
State Retirement Plans: Is Your Business Ready? Read More »
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
State Required 401(k) Plans: Part 3 Read More »
Part 1: Understanding of State-Required 401(k) Plans-What you need to know As a business owner, providing a retirement plan for your employees is no longer just a trend—it’s becoming a necessity. In response to the growing retirement savings gap, several states have introduced mandatory retirement plans that require businesses of a certain size to
State Required 401(k) Plans: Part 1 Read More »
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
ERISA and the SECURE Act Explained Read More »
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
What Trump’s New Administration Could Mean for Retirement Policies and Plans Read More »
December 1st – Participant NoticesAnnual notices due for Safe Harbor elections, Qualified Default Investment Alternatives (QDIA), and Automatic Contribution Arrangements (EACA, QACA). 31st – ADP/ACP CorrectionsDeadline for the Plan to make ADP/ACP corrective distributions, and/or to deposit Qualified Non-Elective Contributions (QNEC) for the previous Plan Year without a 10% excise tax. 31st – Discretionary AmendmentsDeadline
The Impact of the SECURE and CARES Acts on Business Sales and Cost of Living Changes Read More »
