The Retire Ready New Jersey program launched on June 30, 2024. The program requires businesses who employ 25 or more employees to adopt Retire Ready...
Retirement Plan
Vermont’s VTSaves Retirement Program
Vermont passed legislation in May 2023 to establish an auto-IRA program. The program, VTSaves, will be phased in starting mid-year 2025 for all employers who have been in business within…
Illinois Secure Choice Savings Program
Illinois launched the Secure Choice Savings Program in 2018 with phased implementation based on employer size. As of September 1, 2023, all...
What is a Safe Harbor 401(k) Plan?
Safe harbor 401(k) plans are the most popular type of 401(k) sponsored by small businesses today. A...
What are ADP and ACP Tests?
The IRS requires that sponsors of 401(k) plans must test annually to make sure the plan isn’t unfairly discriminating against Non-Highly Compensated...
What is a Top-Heavy 401(k) Plan?
A 401(k) plan is considered top-heavy when the owners and key employees own more than 60% of the total value of the plan assets. The ratio is...