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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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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Retirement Options In Depth: 401(k), SEP IRA, and SIMPLE IRA Among the most popular choices for retirement benefits are the 401(k), SEP IRA (Simplified Employee Pension), and SIMPLE IRA (Savings Incentive Match Plan for Employees). Choosing the right plan can significantly impact both your business and your employees’ financial well-being. In this article, we’ll
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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.
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Part 1: What Are Affordable 401(k) Retirement Options? In today’s competitive job market, offering a robust 401(k) retirement plan can help set your business apart. However, for many business owners, the perceived high cost and complexity of these plans can feel like a barrier. At Maxus Plan Solutions, we’re here to break down those
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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
Upcoming Deadlines for calendar-year Plans February 1st – IRS Form 1099-RDeadline to distribute 1099-R to participants and beneficiaries who received a distribution or a deemed distribution during the prior Plan Year. 1st – IRS Form 945Deadline to file IRS Form 945 to report income tax withheld from qualified Plan distributions made during the
Navigating MEPs, Age Requirements, and CARES Act Relief for Retirement Plans Read More »
