Only 14 percent of small businesses offer a 401(k) plan

Nearly half of small business owners are not confident about their own retirement savings; Only 17 percent say they feel an obligation to offer retirement benefits to employees. A recent survey conducted by Harris Interactive on behalf of ShareBuilder 401(k) found that just 14 percent ofAmerica’s small business owners offer a 401(k) plan and 63 percent do not offer any …

PEO & 401K Plans

PEOs allow you the freedom to custom design a plan and eliminate the testing hassles of a plan that come along with having small business. Are you looking to add a 40k plan to your business or do you have a plan in place and hate the expense or testing problems that come with having a 401K plan? Does your …

IRS issues 2007 retirement plan limits

IRS issues 2007 retirement plan limits The IRS has announced the 2007 cost-of-living adjustments (COLAs) to dollar limitations on benefits and contributions, annual compensation limits, and other dollar limitations applicable to retirement plans.  Highlights of the 2007 maximum dollar limitations announced by the IRS include the following:  • Annual defined benefit limit: $180,000  • Annual defined contribution limit: $45,000  • …