Retirement Plan

Vermont’s VTSaves Retirement Program

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…

What are ADP and ACP Tests?

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?

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...

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