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Retirement Plan Administrator for Business Owners

Heartland Consulting Group, Inc, acts as a full-service retirement plan administrator for business owners to help them plan their retirement efficiently. To learn more, visit http://heartcg.com/

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Retirement Plan Administrator for Business Owners

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  1. 5 Retirement Planning Tips for Business Owners

  2. Whether you're decades long in your business or just beginning here are five things you need to do when optimizing your small business retirement plan.

  3. Stay Up To Date On Compliance Over the past couple of years, the Fiduciary Rule proposed by the Department of Labor has garnered a lot of attention. This rule is framed specially to raise advice standards for investment advisers and ensure investment costs are transparent. This new regulations have put a pressure on companies to accurately perform their 401(k) administrative duties than ever before.

  4. Increase Plan Effectiveness By Lowering Fees One of the best ways to improve the plan effectiveness is by lowering fees. The good news is that 401(k) fees have been coming down. If your fees haven’t reflected this trend, then you either were already running a low-cost plan, or your plan expenses are too high. It’s a great idea to double-check.

  5. Improve The Monitoring Of Investment Options One of the key responsibilities of 401(k) plan administrator is offering appropriate investment options. The investments must be actively monitored to ensure that your options remain appropriate.

  6. Drive Better Employee Participation And Engagement That’s one way to measure the effectiveness of your company’s 401(k) plan. A high participation rate means that most employees are socking away money for retirement. Not only that, it means the plan is more likely to pass IRS nondiscrimination testing without a hitch.

  7. Make Your Plan Even More Tax Efficient Making your plan more efficient can steer more compensation towards selected employees in a tax efficient manner, allow the business to pay less in taxes, and boost the ability for employees to save for retirement.

  8. So, let’s get started. Visit www.heartcg.comor contact us at (913) - 649 – 3171 Email Id:gmb@heartcg.com

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