Think of a 401(k) plan like a breakfast plate, and business owners are the chefs who want to serve up the most satisfying helping—especially for themselves, their family, and their employees, who save on their own. Normally, that’s done with a custom profit-sharing recipe alongside a standard “safe harbor” match. But sometimes the ingredients just...Read More

When it comes to sponsoring a retirement plan, employers might feel like they’re stepping into a candy store. Each plan comes with its own flavor, texture, and benefits that cater to different tastes. Let’s unbox this sugary world and find out how some of these sweet retirement plan options compare to your favorite candies! 401(k)...Read More

Breaking Down the Alphabet Soup of Group Retirement Plans MEPs and PEPs, although not new in concept, have become more popular due to recent law changes. They are similar in many ways, distinct in others, and altogether different than their single employer plan counterparts. In this post, I’ll break down MEP and PEP characteristics and...Read More

When you hear “retirement plan,” your mind probably jumps to the trusty 401(k) — the favorite sourdough bread of retirement planning. But what if there’s a different type of bread – perhaps pumpernickel – on the menu? That’s where nonqualified deferred compensation (NQDC) plans step in. These plans bring something different to the table, especially...Read More

Retirement plans aren’t exactly the topic that gets airtime at brunch or steals the show in group chats. But if you’re an employer with a retirement plan—or someone thinking about starting one—it’s time to meet your new BFF in the retirement planning world: the Third-Party Administrator, or TPA. So, what exactly does a TPA do,...Read More

In this busy world, where leaders and executives are busy building their careers, making a difference, and chasing dreams, “retirement savings” might land somewhere at the bottom of the to-do list—right next to “clean out the attic” or “finally learn how to fold fitted sheets.” We get it! But retirement can sneak up faster than...Read More

In a galaxy far, far away—specifically your office—there exists a great disturbance in the Force. It’s the fiduciary liability, investment management, due diligence, and participant communication responsibilities creeping up on well-intentioned retirement plan sponsors. Fear not, for there is hope! Enter the financial advisor, wielding wisdom and expert retirement plan support instead of lightsabers, ready...Read More

When it comes to what makes EGPS amazing, the secret’s not so secret—it’s our incredible team! Every day, our talented retirement plan experts bring their passion, creativity, and drive to the table, making this a workplace we’re truly proud of. But who are these rockstars behind the scenes? We sat down with a few of...Read More

Imagine you’re at a family reunion. You’ve got your cousins, second cousins, and that uncle who tells the same story every year. Even your neighbor somehow made it onto the invite list. Everyone’s there to have a good time, but there’s always someone keeping track—making sure everyone has a plate, no one’s left out of...Read More

Thanks to SECURE 2.0, employers can now get a slice of tax-saving action for the previous year by setting up a retroactive retirement plan. This is one gouda provision that deserves a spotlight! The Big Cheese of the SECURE Act One of the most impactful provisions of the SECURE Act is the ability for businesses...Read More