By Kevin McDevitt For many financial advisors, individual wealth management is the heart of their business. But there is another meaningful growth opportunity that often gets less attention: helping businesses build and manage retirement plans. For financial advisors...
By Kevin McDevittRetirement planning has evolved significantly over the past decade. While 2026 may not feel like it was long ago, major legislative updates and inflation adjustments have reshaped how 401(k) plans operate over the last decade. Understanding these...
When deciding to implement a retirement plan for your business, you will be presented with two options: a 401(k) or a SIMPLE IRA. While a 401(k) is more recognizable, both options offer retirement savings for eligible employees, and can include contributions from both...
Statistically around 80% of small business 401(k) plans opt for a safe harbor plan design. This choice helps them automatically meet the ADP/ACP tests and avoid nondiscrimination tests conducted by the IRS. Consequently, business owners and highly compensated...