We know that payroll can be a daunting task, and even the smallest mistake can have significant consequences.

With that in mind, we want to share some common payroll pitfalls to make note of. Swipe through to read about common payroll mistakes and how to avoid them ↩️

If you have any payroll questions or needs, feel free to reach out to our team. We're here to help!

With the year coming to a close, our team finds ourselves reflecting on our professional journeys. This Steve Jobs quote rang true to us!

We truly love what we do and are honored to have such a great community of clients, colleagues, and supporters. As always, please don’t hesitate to reach out with any questions or needs as 2024 comes to an end.

🩺 **Navigating Your Health Insurance Options** 🩺 Choosing the right health insurance plan can be overwhelming, but understanding your options can help you make the best decision for your needs. Here’s what to consider: 1. **Plan Types**: – **HMO (Health Maintenance Organization)**: Lower premiums, requires referrals, limited to network providers. – **PPO (Preferred Provider Organization)**: Higher premiums, no referrals needed, more flexibility in choosing providers. – **EPO (Exclusive Provider Organization)**: No referrals needed, limited to network providers, no coverage outside network. – **POS (Point of Service)**: Hybrid of HMO and PPO, requires referrals, some out-of-network coverage. 2. **Coverage Levels**: – **Bronze**: Lower premiums, higher out-of-pocket costs. – **Silver**: Moderate premiums and out-of-pocket costs. – **Gold**: Higher premiums, lower out-of-pocket costs. – **Platinum**: Highest premiums, lowest out-of-pocket costs. 3. **Prescription Coverage**: Ensure your medications are covered under the plan’s formulary to avoid high out-of-pocket costs. 4. **Provider Network**: Check if your See More

Did you know that inflation can quietly erode the purchasing power of your retirement savings? In such times, it can be helpful for some to integrate investments such as real estate, stocks, or Treasury Inflation-Protected Securities (TIPS), which can keep pace with or outstrip inflation rates.

Wondering what would be best for your specific situation? Please feel free to contact our team anytime to discuss how we can protect your savings against inflation and help maintain your lifestyle well into retirement.

From our families to yours, we extend our warmest wishes for a wonderful Thanksgiving filled with great food, good company, and plenty of joy.

Our office will be closed on Thursday, November 28, and Friday, November 29, but we'll be back and ready to serve you on Monday, December 2.

Enjoy the holiday!

As an employer, ensuring that your employee-sponsored retirement plans comply with federal regulations is crucial. With this in mind, we have put together an overview of what Employee Retirement Income Security Act (ERISA) is and how it affects your 401(k) offerings.

Swipe through to learn more. And as always, feel free to reach out for assistance with your 401(k) offering. We are here to help.

Stock market indexes are essential indicators of the stock market’s current status. The major indexes, such as the Dow Jones, S&P 500, and Nasdaq 100, each track different segments of the market.

Swipe through to learn more about these major indexes and what they represent.

As always, if you have any questions about these indexes or your investment portfolio, reach out to our team. We are here to help!

With the Thanksgiving holiday around the corner, we wanted to share a reminder about the stock market’s closures and hour changes.

🦃The stock market will be closed on Thanksgiving Day — Thursday, November 28, 2024.

🦃The stock market will close early at 1 p.m. ET on Friday, November 29, 2024.

🦃The stock market will resume its normal schedule and hours on Monday, December 2, 2024.

As always, if you have any financial or investing questions, our team is here to assist,

Wishing you all a Happy Thanksgiving!

As we look ahead to 2025, several key changes to 401(k) plans are set to take effect. With this in mind, we wanted to share two key impacts for employees:

✅ Increased Catch-Up Contributions – Starting in 2025, individuals aged 60 to 63 will see a boost in their catch-up contribution limit for 401(k) plans, increasing to the greater of $10,000 or 150% of the standard catch-up limit, with the amount indexed for inflation. The standard catch-up limit for those aged 50 and older will remain at $7,500.

✅ Required Minimum Distribution (RMD) Changes – The RMD age increased to 73 as of 2023 and is set to rise further to 75 by 2033, providing more time for retirement savings to grow before distributions are required.

If you have any questions or want to discuss how these updates might impact your financial strategy, don’t hesitate to reach out. We're here to help.