Every year, 401(k) plans undergo IRS compliance testing. Failing compliance testing isn't uncommon but a safe harbor plan can help you automatically pass several of the key compliance tests that are required by the IRS. A safe harbor team requires that the employer provide a match or other type of contribution.
The path to a better retirement
Administering your company’s 401(k) plan doesn’t have to come with headaches. The Human Interest Learning Center can help you help your team on the path to retirement.
Starting a 401(k)
Could starting a retirement plan qualify you for tax incentives? Use this calculator to learn what offering a Human Interest 401(k) might cost your company after accounting for tax credits.
401(k) compliance & administration
Non-discrimination testing (NDT) requires that employees of a certain status stay within a specific contribution rate, as determined by the contribution rate of other employees. If you're brand new to non-discrimination testing, have no fear! Use our resource to understand all the components of NDT 401(k) compliance.
Retirement plan design
Employers say a retirement savings program, such as a 401(k), is rising in value as a benefit offering. However, one key piece here that determines the value of the 401(k) to employees is an employer match. Learn the basics with 10 things to know about the 401(k) employer match.
Types of retirement plans
Small businesses can appeal to experienced and talented job applicants by offering simple, robust, and flexible retirement plans. Some plan types even come with tax advantages. Here we’ll discuss different small business retirement plan options and their benefits.
HR, benefits, & payroll
Ideally, an employer would be in a financial situation to make some type of company match for employee’s contributions. However, if the company’s financials can’t support ongoing matching contributions, discretionary contributions might be a viable alternative.
Small business management
HR has fallen out of vogue in terms of titles for millennials and in Silicon Valley; even people whose jobs are truly Human Resources based prefer to call themselves "People Operations" or "Team Culture" professionals. Why is this? Is there actually a difference in the job function?
Since one of the immediate tax advantages of owning a 401(k) is the 401(k) deductions, you may be wondering what 401(k) tax form you’ll need to attach to your return and how to report any 401(k)-related numbers on your 1040. Here we'll review different scenarios for 401(k) plan holders and the necessary action items for each one of them.
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