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The Benefits of a PEO: 401(k) Plans and Profit Sharing

by Tim AustinJune 20, 2016 8:00 AM

When you’re a business owner, a 401(k) or profit sharing plan is a must to help attract and retain great employees.

While you may be the owner of a company, you’re likely not an expert on the legal responsibilities of offering these plans to your employees. Most business owners are too focused on running their company to provide an adequate amount of attention on benefits administration.

Your benefits don’t have to be a hassle. A Professional Employer Organization (PEO) can step in and cut costs, save time, and offer customizable plans for your company.

GMS can help business owners offer appealing 401(k) and profit sharing plans.

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Benefits

401(k) Testing: What is That About?

by Tom SmithMay 9, 2013 10:14 AM

I receive this question very often, especially at the beginning of each year. The IRS requires any company with a 401(k) plan to conduct annual compliance testing.

The testing is conducted after the plan’s year-end. For most plans, this is 12/31.

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Benefits | Risk Management

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