“I know doing my business taxes right is important – so I’m just going to Google it and do it myself.” “I’ve got a growing team of over 20 employees. I don’t need an HR person, I can save money by managing employee benefits and payroll myself.” “It costs a lot to hire…
We talk a lot about faith-based investing, and it’s been our investing focus for the past 25 years. But many Christians are still unfamiliar with the term, so what is faith-based investing? Simply put, faith-based investing is the process of aligning your investments with your faith values. Among Christian investors sometimes it’s referred to as…
Many small business owners want to offer a 401(k) plan to their employees. They understand it can help attract new talent and be a valued employee benefit. They understand that it will help their employees save for retirement. They may even understand that it is one of the best ways to max out their own…
Which retirement plan is best for my church? If you’re like many pastors or church administrators, thinking about your church’s retirement plan is not something you look forward to! While you may not enjoy thinking about it, you probably recognize that offering church employees a retirement plan is beneficial. Providing pastors and other church employees…
Should my small business offer a 401(k) plan? Small businesses like yours are the backbone of the American economy. According to 2020 U.S. Census Bureau data, employers with less than 50 employees made up 94% of all business and employed 39% of all workers[1]. Despite employing a large minority of U.S. workers, small businesses often…
Questions to Ask Potential 401(k) Advisors According to a recent survey, 47% of plan sponsors are looking for a new plan advisor[1]. Are you one of them? If you’re actively looking for a new advisor for your plan or even if you’re just looking as part of a regular due diligence process, here are 6…
What Should Plan Sponsors Know About SECURE Act 2.0? By Jake Preston Improving retirement readiness seems to be the one thing Congress can agree on! SECURE Act 2.0 was signed into law by President Biden on December 29, 2022 as part of a larger spending package passed by Congress. If you remember, the original SECURE…
Faith-based nonprofit organizations form part of the bedrock of communities around the country. The mission-aligned services these organizations provide have a positive impact on the community and those they serve. Churches, crisis pregnancy centers, homeless care and shelter, addiction recovery, foster care, adoption, family and pro-life advocacy, education, healthcare, refugee resettlement…the list of services Christian…
The DC Plan is the Top Benefit for Higher Education Institutions College and university administrators view a defined contribution retirement plan as the most important benefit for attracting and retaining top talent to their organizations. A recent survey released by Voya of higher-ed administrators adds to the growing data from diverse sectors that recognizes the…
Do you know how much your retirement plan costs? The Employee Retirement Income Security Act of 1974 (ERISA) obligates plan fiduciaries to defray reasonable expenses of administering the plan, yet surveys show that many employers do not really know what fees they are paying for the plan, have not reviewed fee disclosures in the last…