For many years, Federal tax law has provided an incentive to small employers (i.e., generally up to 100 employees) to establish a tax-qualified retirement plan, such as a 401k Plan.…

The IRS recently announced the annual update of the retirement plan limits, adjusted for “cost of living”. The new limits are in effect beginning in 2021. Most significantly, the maximum…

Automatic enrollment is a 401k plan feature whereby employees who do not voluntarily elect to contribute, or do not opt-out, will automatically have contributions deducted from pay at a predetermined…