When it comes to retirement planning, options like 401(k)s and IRAs are popular, but business owners and high-income earners often seek more robust solutions. Cash Balance Plans offer a compelling alternative, blending the benefits of a traditional defined benefit...
Statistically around 80% of small business 401(k) plans opt for a safe harbor plan design. This choice helps them automatically meet the ADP/ACP tests and avoid nondiscrimination tests conducted by the IRS. Consequently, business owners and highly compensated...
Whether you're an advisor who's new to the 401(k) space, or you’ve been offering them for years, one thing is certain: knowing the complexities of a retirement plan shouldn’t be your primary focus, providing financial advice should. However, that doesn’t mean...
Advisors are afraid of retirement plans, and Jonathan Duggan, Senior Vice President and National Sales Manager at American Trust, an AmericanTCS business, is here to explain why they shouldn't be in this recent article. In fact, Jonathan believes that financial...
FiduciaryxChange, an AmericanTCS solution that provides comprehensive fiduciary services to help 401(k) plan sponsors, advisors and administrators effectively meet their obligations, announced it registered its 54th Pooled Employer Plan (PEP) as a growing number of...
For the last 30 years or so, the retirement industry at large has done a good job at hiding or complicating fees so that only the savviest of investors have a chance at finding them. In recent years, government regulations have been approved in an attempt to bring...
In one of my favorite episodes of the classic television series, M*A*S*H* a sleep-deprived Hawkeye Pierce, desperately seeking to find out what caused the start of the Korean War, dictates a telegram in the middle of the night to President Truman with a simple...
To understand the question of how to apply revenue sharing in a 401(k) plan, first we must examine what revenue sharing really is, what form it takes and how it is commonly applied. In short, revenue sharing typically takes the form of basis points (bps) built...