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...
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...
Long gone are the days when retirement plans could only be offered by big corporations. Thanks to Pooled Employer Plans (PEPs), retirement plans are more accessible than ever. But what exactly is a Pooled Employer Plan? These plans allow businesses to pool their...
Now, more than ever before, maintaining a positive business reputation is vital to enticing customers, attracting talent, and retaining your employees. In fact, when job hunting, more and more job seekers are doing their due diligence when it comes to researching...
A once ubiquitous offering to the American workforce, retirement plans have all but disappeared from the average small business benefits program. However, with the inception of the Pooled Employer Plan (PEP), it is now possible for small and medium-sized business...
SMB Retirement Programs: Pooled Employer Plans 101 According to a survey by Aflac, 75% of employees expect their company to provide a retirement plan as part of their benefits package. Now, if you’re a small business owner looking for ways to attract and retain top...
