A Safe Harbor Plan is a retirement savings plan designed to allow small business owners and all eligible employees the ability to maximize their contributions to a 401(k) plan. This type of plan is particularly useful for small businesses that may have trouble passing the annual nondiscrimination testing required by the IRS for regular 401(k) plans.
The Cannabis Industry is constantly evolving with over 417,493 full-time jobs supported by legal Cannabis in the U.S! In a growing job market, attracting and retaining employees can be difficult. Retirement plans are one of the most sought-after benefits employees look for when finding a new job.
Starting a new retirement plan is less expensive than you think. By taking advantage of tax credits and deductions, you can offer employees a retirement plan while enjoying significant cost savings.
Many business owners are unaware that once they establish a ROBS plan, they assume certain legal responsibilities related to compliance regulations. Learn about common mistakes that ROBS entrepreneurs make with tips on how to correct any current errors and avoid potential future issues.
Leading Retirement Solutions is pleased to announce that we are partnering with WorkTrend HCM to provide more payroll integration services to our clients.
10 states and 2 cities have implemented retirement mandates. However, companies can choose between the state-administered program or a qualifying plan. What is deemed a qualified plan varies from state to state. This article provides in-depth information on qualifying plan requirements for states and cities with retirement plan mandates.
While curbing the effects of inflation has a short-term negative effect on the stock market, not doing so would have serious consequences for the health of the dollar. This is a serious issue, and it is hard to predict how far and for how long this will damage the economy. As of now, keep in touch with the movement of the stock market, but more importantly, check in with a qualified financial advisor to ensure you position yourself with your best interests in mind.
Using the IRS code to your advantage can allow you to deduct taxes on certain items, investments, and more. These four tax shelters can help you get started.
Every year businesses need to file Form 5500 to provide the IRS and DOL with information about the plan's operation and compliance with government regulations. Although it can seem complicated, the process doesn't need to be difficult. With the right resources, businesses can ensure their form is submitted properly and promptly.
Retirement affects your access to financial services, including loans. Here's what to look for when looking to get a loan during your retirement years.
Traditional banks generally won’t work with cannabis companies because banks are federally-regulated and fear negative consequences. This causes a long list of hurdles for new and established cannabis companies, including all-cash business dealings that put employees in the way of armed robberies and the inability to offer retirement benefits that allow cannabis companies to compete in the employment market.
There’s more to a 401(k) than mutual funds, stocks, and bonds. You can use your retirement funds to invest in real estate by participating in a nontraditional plan, taking out a retirement loan, or investing in real estate mutual funds and ETFs.
