The Importance of Discretionary Testing: ACP and ADP If you’re a business owner who is interested in offering retirement benefits like a 401k, you may have heard of the words nondiscrimination or discretionary testing. These tests were designed to ensure fairness when...
Retirement planning is not easy, and the current economic downturn and global pandemic did not make it any easier. As a small-medium business owner with existing retirement plans, we applaud you for providing retirement benefits for your employees. However,...
Employee retention is no simple matter. It’s an important part of running a small business. After all, how would you be able to grow your business and clientele if you’re a one-man team or if you’re constantly needing to find new people to fill the gaps in your...
As a small-medium business owner, we understand that you might not have the ability to provide impressive benefits like those of Silicon Valley tech firms, VC-backed startups, or Fortune 500 Companies. After all, benefits can dent your bottom line, especially when...
Many states are starting to require businesses–even smaller businesses with as few as 5 employees–to participate in a state-sponsored retirement plan (generally an IRA), unless they already offer an employer-sponsored plan, in response to what is being...
