As an employer, one of your main goals should be keeping your employees happy. And you can keep your employees happy without losing favorable 401(k) tax benefits, paying penalties or facing liabilities.
Qualified retirement plans — including 401(k) plans — are required to comply with specific rules, which are enforced by the Internal Revenue Service. These rules include guidance on:
Dollar-cost averaging is an investment strategy to build savings over the long term. So, if you are worried about money for retirement, this may be something to consider. Not everyone has money to spare in tough times to put into a 401(k) account, but if you do, you can reap great rewards by staying with the program.
Every year, the IRS takes a fresh look at contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020:
There are many viable reasons for changing your 401(k) plan provider, including these:
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