When embarking on a mission to set up a company retirement plan, a business owner is faced with industry jargon, confusing Department of Labor regulations, and lack of transparency that all collide to create an overwhelming experience.
The IRS has announced cost of living adjustments for 401(k) plans and other small business retirement plans for 2016. Here are the highlights: 2016 Retirement Plan Limits
With the implementation of the much anticipated 408(b)(2) and 404(a)(5) disclosure rules affecting both retirement plan sponsors and plan participants, it is imperative that plan sponsors do their due diligence to ensure their plan is running efficiently and that the company is maximizing the investment they are making in their employees.
Target date funds continue to show promise for a majority of workers. There has been much debate in recent years regarding the use of target-date funds.