Who Benefits From a Nonqualified Plan?
A nonqualified plan can be beneficial for certain individuals and companies seeking additional executive compensation options beyond what is provided…
What You Need to Understand About Your Company’s 401k
Here are 8 key points to grasp about your employer’s 401k plan: 1. Voluntary Contribution A 401(k) plan is a…
What is a Recordkeeper?
A recordkeeper is a key service provider involved in the administration and management of retirement plans, including 401(k) plans. The…
Who Would Benefit from a Cash Balance Plan?
A Cash Balance Plan can be particularly beneficial for certain types of individuals or companies. While it’s essential to consider…
Questions to Ask a Recordkeeper before Hiring Them
Selecting the right recordkeeper for your company’s 401(k) plan is a critical decision. Asking the right questions can help you evaluate…
Disadvantages of Taking a Loan Against Your 401(k)
Your 401(k) serves as a crucial pillar in building your financial security for the future. While the option to take…
What is a Target Date Fund?
A target-date mutual fund, often referred to as a “target-date fund” or “lifecycle fund,” is a type of investment fund…
Disadvantages of Hiring a Corporate Retirement Consultant
While hiring a corporate retirement consultant can bring numerous benefits, it’s essential to consider potential disadvantages to make an informed…
Advantages of Hiring a Corporate Retirement Consultant
Hiring a corporate retirement consultant for your company can offer several advantages, contributing to the overall success and effectiveness of…
What is a Cash Balance Plan?
A cash balance plan is a type of defined benefit pension plan that has some characteristics of a defined contribution…
What is a 401k advisor?
The terms “401k consultant” and “401k advisor” are often used interchangeably, but they can have nuanced differences in their responsibilities…
Generic vs. Personalized Advice – What’s Right for You?
When it comes to managing your finances and investments, there’s no shortage of advice out there. From generic tips that…