In 2020 the over $2 Trillion dollar Coronovirus Aid Relief and Economic Security (CARES) Act passed. This legislation has many provisions in it to help with the situation that many face.
The bigger question is what commitment is having a 401(k) plan going to be on you? Will you be able to pay for the benefit?
Who is a fiduciary? In general, a fiduciary is anyone who exercises authority or control over the management of a retirement plan or its assets.Â
I could find good employees while offering average benefits, but it was better to offer above average benefits to get above average results. This leads me to one of the top benefits, the 401(k).
The Origin of the 401(k) Plan? Where did the idea for a 401(k) plan originate? Why is it called a "401(k) plan" in the first place?