The IRS determines how much individuals can contribute to various retirement and pension accounts. These limits are reviewed annually and updated to reflect any cost-of-living increases. Here is a quick reference for the maximum amount that can be saved into each type of account for 2020.
Educational Workshop Guides
A gap analysis is a way for your employees to see how they are tracking toward their retirement savings goals. It measures the gap between their current savings and savings rate and their future dollars needed. Typically, a gap analysis will take into account Social Security, 401(k) and other retirement savings accounts. Check out this sample gap analysis and see what it looks like and the types of recommendations a gap analysis will provide to…
401k Best Practices
Make a difference to your company 401(k) plan. Ask your employees these four simple questions about their plan, and then tally the results. If the majority of employees answered “no” or “unsure” then it may be time to take a closer look at the level of service you’re getting from your 401(k) provider.
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