When is the best time to convert a Simple IRA plan to a 401(k)? What are the best practices or required steps to make it easy on your employees while providing additional benefit? Check out this video and let us know if you have any questions!... ( read more )
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As an employer, you may be familiar with the Simple IRA plan – a tax-deferred retirement plan designed for small businesses with up to 100 employees. But with a growing business, you may want to upgrade to a more comprehensive plan, such as a 401(k) plan. Converting from a Simple IRA to a 401(k) plan may seem daunting; however, it can be done with relative ease. In this article, we’ll explore the key points you’ll need to know when considering a Simple IRA to 401(k) conversion. Understand the Differences Before switching plans, you should have a c
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