If you’re located on the east or west coast, you might be familiar with the retirement plan experts we interview in this blog post. Meet Tali Vaughn and Laura Grassi, some of our amazing Regional Vice Presidents on our Sales Team. In our conversation below, these ladies talk about common mistakes and misconceptions they see...Read More
Don’t let the ship of generous perks sail without your clients on board What is so safe about a “Safe Harbor” 401(k) plan? They’re among the most popular types of 401(k) plans with an employer match (an incentive given to those who actively participate) or nonelective (meaning the participant merely needs to meet eligibility requirements...Read More
Fun Fact: Did you know that two, possibly three, government agencies oversee employer-sponsored retirement plans? Furthermore, multiple committees in both houses of congress get involved when drafting bills and legislation that impact retirement plans. Retirement plans are both a tax benefit and employee benefit, which means that the rule book continues to be written and...Read More
It’s easy to misunderstand the term “fiduciary” (after all, the word has five syllables). A quick Google search will tell you that a fiduciary is a person or organization that has been entrusted to act on the behalf of someone else and is legally bound to act in their best interest. What does that mean...Read More
Well friends, we have a special treat for you today. We’ve brought you the latest insights from some of our best and brightest retirement plan administrators. They answer some hard-hitting questions, including the most rewarding and challenging aspects of their job, advice they have for business owners, and more. Q: What is your role at...Read More
The case of the undetected, costly plan errors Plan Sponsor Scenario An owner of a small company engaged a CPA to evaluate their business and switch services. The CPA reached out to EGPS to review the retirement plan when she realized there was potential for compliance issues. The EGPS Compliance Team found that the Form...Read More
What is the state of your finances? How much, if any, are you saving? What is your plan for retirement? Does your employer offer a retirement plan? If so, are you participating? What does retirement look like for you? How much will it take to finance your dreams? For some, these questions might be conversational...Read More
3(16) fiduciary service definitions vary widely across the retirement plan marketplace. To ensure business owners are getting the services they want and need, it’s important they ask the right questions as they navigate the buying process. To help, we’ve compiled a list of questions for employers to ask potential 3(16) fiduciaries on the journey to...Read More
Growing up, my dad worked with contractors through the government. In addition, my husband has worked as a contractor for 20 years, running a plumbing business. So, needless to say, construction companies and workers have always been near and dear to my heart. I speak the language, I understand the mentality, I see the potential....Read More
The case of the successful private practice and the disappearing taxes Plan Sponsor Scenario A small, successful doctor’s office, was comprised of a husband and wife and a few part-time college students. The owners were paying $250,000 in quarterly taxes to the IRS, as directed by their CPA. Unfortunately, the owners (in their late 50s/early...Read More
