by ABGHouston | May 30, 2025 | 401k Insight
The government really, really, really wants small employers to set up a 401(k) plan for their employees. They have provided tax credits to help cover administrative expenses of up to $5,500 for new plans with under 100 eligible employees who offer an Eligible...
by ABGHouston | Apr 17, 2025 | 401k Insight, Retirement Plan Advice
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) created the catch-up provision, allowing eligible participants to set aside more in contributions to their retirement plans. Employees age 50 and older are Catch-up eligible increasing their...
by ABGHouston | Feb 27, 2025 | Retirement Plan Advice, Retirement Plan News, Student Loans
One of the provisions of Secure 2.0 allows Plan Sponsors to match Qualified Student Loan Payments (QSLPs). Previously we looked at the potential benefits of utilizing this provision. But there is an old saying “nothing in life is free.” Keeping in mind that utilizing...
by ABGHouston | Feb 6, 2025 | 401k Insight, Retirement Plan Advice, Retirement Plan News
One of the provisions of Secure 2.0 allows Plan Sponsors to match Qualified Student Loan Payments (QSLPs). Plan Sponsors often seek to maximize contributions that owners and other key personnel can make to their plans, while minimizing total employer costs. So why...
by ABGHouston | Jan 22, 2025 | Retirement Plan News, Uncategorized
Many companies will be forced to give raises in 2025. In these post-COVID, high times many companies are struggling with employee retention and/or increased employee cost causing pricing pressures on their goods or services. A great idea to solve both problems is to...
