by David Gensler | Dec 15, 2023 | article
During the holidays, we focus on decorating our homes, putting up lights, and buying gifts. What about treating your business or your clients with additional tax savings? Do you or your clients only put away an IRA contribution? Think about upgrading to a qualified...
by David Gensler | Dec 5, 2023 | article
Ten states have passed bills requiring you to adopt a state-mandated retirement plan if you do not have a qualified retirement plan like a 401k. Those states include California, Colorado, Connecticut, Illinois, Maine, Maryland, New Jersey, New York, Oregon, and...
by David Gensler | Nov 21, 2023 | article
We recently took on a client who came to us because their retirement plan was poorly run. The people who set up the plan had good intentions but they were in over their heads. They had too much going on managing a growing company and did not have the time to...
by David Gensler | Nov 7, 2023 | article
Miriam ran a successful business and she had a retirement plan. Her husband James made about $125K/year selling collectibles on eBay. They didn’t really need James’s “hobby income” so they wanted to shelter as much of it as they could. Gina, his accountant put him in...
by David Gensler | Oct 24, 2023 | article
In general, if the number of participants at the beginning of the year is at least 100, any qualified retirement plan covered under ERISA is required to have an annual audit done along with the annual Form 5500 filing. That limit is increased to 120 participants...
