by Jacquelyn Hendricks | Dec 8, 2023 | Learning
Was 2022 the year you were finally on the hook for a 401(k) audit? Let’s explore the regulatory shifts that could be a game-changer for your 2023 plan year. The New Audit Landscape The audit criteria changed at the end of 2022, and now only participants with balances...
by Jacquelyn Hendricks | Dec 1, 2023 | Learning
Greetings, retirement plan sponsors! Big news—The Department of Labor (DoL) has reshaped the contours of 401(k) audit requirements. If you’re a plan sponsor, you’d better be sitting down. This is your essential briefing on what’s changing and how it...
by Taylor Brown | Aug 2, 2023 | Learning
Myth 401(k) plans are only for large businesses. Reality Even small businesses can set up and offer 401(k) plans to their employees. In fact, many small business owners find that offering a 401(k) plan can be a powerful tool for attracting and retaining top talent....
by Taylor Brown | Aug 1, 2023 | Learning
With the recent passing of Secure Act 2.0, new tax credits may be available to you, making a 401(k) plan with WELLthBuilder even more affordable. WELLthBuilder is an offering of Strategic Retirement Partners (SRP). Learn more about us at...
by Taylor Brown | Jul 29, 2023 | Learning
Many states have started, or may soon start, programs that require small businesses to automatically enroll employees in a state IRA program if they do not have a 401k or other workplace retirement plan. The intention of the state plans is noble, as encouraging saving...
by Taylor Brown | Jun 29, 2023 | Learning
SECURE Act 2.0 introduces important changes to defined contribution plans. Here’s a quick look at some of the highlights. 2023 Mandatory Provisions The age for Required Minimum Distributions (RMDs) has been increased to age 73. This change applies to...
