Vitaly Novok
A SEP IRA: A Good Start for an Emerging Business
Last week, we showed how valuable a Solo 401(k) plan could be for a maturing small business. It is very easy to establish with low set up...
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Vitaly Novok
- Mar 28, 2017
A Solo 401(k) Plan and Why You Should Open One
A Solo (also known as an individual or one-participant) 401(k) plan is a 401(k) plan available for small businesses with no employees...
Vitaly Novok
- Mar 21, 2017
The Most Important 401(k) Safe Harbors
Due to the increased frequency of lawsuits filed against plan sponsors over the last few years, they have been forced to revisit many...
Vitaly Novok
- Mar 14, 2017
Hardship Withdrawals: Trust but Verify
At the end of February, the IRS issued a memorandum for Employee Plans Examinations Employees which provided guidelines for hardship...
Vitaly Novok
- Mar 7, 2017
Simplifying the Investment Menu or How to Help Participants Avoid the Paradox of Choice
As human beings, we usually tend to believe that more choices are better. It gives us a feeling of comfort and more control over the...
Vitaly Novok
- Feb 27, 2017
Good Practices When Creating the Investment Menu
When a plan sponsor sets up an investment menu for its participants, it relies heavily on mutual fund companies in many cases. While...
Vitaly Novok
- Feb 21, 2017
Should You Hire a TPA?
Without a doubt, the hardest thing about running a 401(k) plan is its administration. A plan administrator carries the enormous...
Vitaly Novok
- Feb 14, 2017
How to Make Participants Save More?
Despite all the criticism of 401(k) plans, a 2015 American Century Investments survey of defined contribution plan participants showed...
Vitaly Novok
- Feb 6, 2017
Government Money Market or Stable Value Funds? Which One Should You Offer?
In October of last year we wrote a blog post outlining changes that plan sponsors must do in order to comply with the SEC money market...
Vitaly Novok
- Nov 28, 2016
Compliance Deadlines for Defined Contribution Plans: Year-End Reporting
For many employees, there is no better time than the end of the year. The year is almost over, hassle is gone, and diligence gives way to...
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