Retirement plan compliance

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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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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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State Required 401(k) Plans: Part 2

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State Required 401(k) Plans: Part 1

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

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Avoiding Compliance Pitfalls in Retirement Plans

Compliance Made Simple: Avoid Retirement Plan Pitfalls Retirement plans are an essential benefit for employees, but ensuring compliance with regulations can be a significant challenge for employers. Navigating rules set by ERISA, the Department of Labor (DOL), and the IRS is critical to avoid costly penalties and maintain a plan that truly benefits your workforce.

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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

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The Business Benefits of Outsourcing Retirement Plan Management

The Business Benefits of Outsourcing Retirement Plan Management As a business owner, you already have a lot on your plate—managing your team, ensuring smooth operations, and staying competitive in the market. It’s a juggling act! One area that can add complexity and stress is managing your company’s retirement plan. A 401(k) plan is a

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