Blog

Retirement Services & Financial Advisors​ - Serving Columbus & Beyond

Safe Harbor 401k with Age-Weighted Profit Sharing: A Win-Win for Businesses

Submitted by Life, Inc. Retirement Services on January 29th, 2015

401k Advisors plan design Age Weighted Safe Harbor

For many small businesses comprised of one or several highly compensated employees and a few non-highly compensated employees, the Safe Harbor 401k plan may be the best option if maximizing contributions is a primary objective. Safe harbor plans effectively remove the barriers of discrimination testing that limits the amount that can be contributed for highly compensated employees.

Read more

What Was Left out of the State Union?

Submitted by Life, Inc. Retirement Services on January 22nd, 2015

401k Advisors plan design Retirement Changes SOTU Retirement

Proposed Changes to Retirement Plans

Read more

For Smaller Employers: Better to be SAFE than SIMPLE?

Submitted by Life, Inc. Retirement Services on January 17th, 2015

401k Advisors plan design 401k 401k plans

For businesses with less than 25 employees, the allure of adopting a SIMPLE IRA as their employer-sponsored retirement plan is very tempting. Simple to set up – just set up an IRA for each eligible employee; and there is no administration. The required matching contribution is only 3 percent, and only on actual salary deferrals.

Read more

Safe Harbor 401k Plans Becoming Mainstream for Employers

Submitted by Life, Inc. Retirement Services on January 9th, 2015

401k Advisors plan design 401k Safe Harbor Non-Elective Safe Harbor 401k plans QACA Safe Harbor Match Top Heavy

For some time the conventional wisdom has been that adopting 401k plans is too expensive and too cumbersome for the smaller business scale. Chief among the more onerous requirements had been the nondiscrimination compliance testing for contribution and compensation limits.

Read more

The Advantages of a 401k over a SEP or SIMPLE for Business Owners

Submitted by Life, Inc. Retirement Services on January 5th, 2015

401k Advisors plan design Fiduciary Duties Solo 401k SBO-401K SEP IRA Simple IRA Fiduciary

For business owners, there’s no shortage of retirement plan options, each with the capacity to accept larger contributions than individual or employee plans with commensurate tax advantages. Until recently, the default options for many business owners had been the Simplified Employee Pension (SEP IRA) or the Savings Incentive Match Plan for Employees (SIMPLE IRA) chosen in large part for their low cost and simplicity. However, for business owners in the right situation, the 401k plan is quickly becoming the plan of choice for its even greater capacity and flexibility.

Read more

​Does Your Plan Sponsor Fidelity Bond Coverage still leave you Vulnerable?

Submitted by Life, Inc. Retirement Services on December 27th, 2014

401k Advisors Solo 401k DOL ERISA Fidelity Bond Fiduciary 401k Fidelity Bond Fiduciary Insurance

Generally, anytime an employee or contractor is hired to a position that handles any aspect of a company’s finances – from cashiers to CFOs – are required to be bonded by their employer. In such cases bonds are purchased as protection against fraud, theft, or other instances of dishonesty that result in financial loss to the company.

Read more

The Advantages of Frequent 401k Plan Fiduciary Reviews

Submitted by Life, Inc. Retirement Services on December 16th, 2014

Employer-sponsors are beginning to realize that it’s not our parents’ 401k plan anymore. Long gone are the days of simply setting it and forgetting it. Increased regulatory oversight of 401k plans by the Department of Labor has led to raising the bar in sponsor fiduciary responsibilities along with the penalties for falling short.

Read more

Proactive vs. Reactive- How 401(k) Administration Should Be

Submitted by Life, Inc. Retirement Services on November 19th, 2014

401k Advisors plan design proactive

Proactive vs. Reactive, it's two words that once you hear them you immediately realize you want to be proactive.

Read more

Founding of Life, Inc. Retirement Services

Submitted by Life, Inc. Retirement Services on October 5th, 2014

Thank You for Visiting Life, Inc. Retirement Services website,

First, I wanted to thank everyone for the warm reception our firm has received, and the overwhelming interest from so many. We appreciate the fantastic response, but we always welcome the opportunity to help more employers with their retirement plan goals!

Read more
Syndicate content