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Is Your Company’s Retirement Plan Built to Operate Efficiently?

401(k) Insights serves as our monthly newsletter created specifically to assist business owners and plan administrators in navigating their retirement plan requirements. If you have any questions, please contact us anytime.

Small business 401(k) plans, while beneficial for employees and employers alike, face efficiency issues due to various reasons. In this edition, we will address how modern plan design features like 360º payroll integration can help drive efficiency with your company’s 401(K).

Here are some important points to consider.

- Full payroll integration with the 401k: (360º) allows for seamless communication between the company's payroll system and the 401(k). With this, administrative tasks related to the 401(k) such as updating employee contribution elections are fully automated and require no manual intervention.

- Data Accuracy: By eliminating manual data entry and reconciliations, payroll integration minimizes the risk of errors and ensures data accuracy across both payroll and retirement plan systems.

- Cost Savings: Automating the payroll and retirement plan processes through integration can lead to cost savings by reducing the time and resources required for administration and minimizing the risk of errors that could result in fines or penalties.

Are you confident your plan is compliant and maximizing your benefit? We can help. If you’d like a complimentary review of your retirement plan, please click this link and provide some basic information.

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The information on this website is provided as information only and should not be considered investment, tax or legal advice or a recommendation to buy or sell any type of investments. Advisory services are only offered to clients or prospective clients where our firm and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by our firm unless a client service agreement is in place.

Form ADV and Form CRS contain important information about the advisory services, fees, business, background, and experience of advisory personnel. Form ADV is publicly available and may be viewed here . Form CRS is publicly available and may be viewed here.

Investment advisory services are offered through Cypress Wealth Services, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Securities are offered through M.S. Howells & Co., a registered broker/dealer, and Member FINRA/SIPC. The entities listed are not affiliated and neither offer legal or tax advice. Registered Representatives of named entities may only conduct business with residents of the states and jurisdictions in which they are properly registered.

Here are some important points to consider.

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