Posts by drlego
Saver’s Match for Employers: What Plan Sponsors Need to Know
The Saver’s Match is optional — 401k plans are not required to allow it. Sponsors who opt in take on new administrative duties, potential fiduciary exposure, and recordkeeper costs that Treasury hasn’t fully defined yet. The Saver’s Match is being promoted as a simple way to help lower- and moderate-income workers save for retirement. The…
Read MoreWhat Is a Qualified Domestic Relations Order (QDRO)?
A Qualified Domestic Relations Order (QDRO) is a judicial order that allows a retirement plan to pay part of a participant’s benefits to someone else—usually a former spouse, child, or other dependent—as part of a divorce, legal separation, or support order. It creates or recognizes the alternate payee’s right to receive all or a portion of the…
Read More2026 401k Limits
401(k) Contribution Limits: 2025 & 2026 401(k) Contribution Limits: 2025 & 2026 Employee Contribution Limits Category 2025 2026 Under 50 (Standard Deferral) $23,500 $24,500 Age 50+ (Catch-up) $7,500 $8,000 Age 60–63 (Super Catch-up) $11,250 $11,250 Total Max Contribution Example (Under 50) $23,500 $24,500 Total Max Contribution Example (50–59) $31,000 $32,500 Total Max Contribution Example (60–63)…
Read MoreNew York State Secure Choice Q&A
pdi Secure Choice NY by brett g
Read Moretop 401k providers for small business’
Let’s be honest: the top 401k providers for small business’ promise “low fees,” “easy setup,” and “great support.” But if you’ve spent any time shopping for a retirement plan, you know that the reality is often less impressive. Hidden costs, generic service, and clunky tech are everywhere. So, what does it really take to deliver…
Read MoreWhy 401(k) Loans Are a Bad Idea
1. Interest Rates Aren’t What They Used to Be Remember when 401(k) loans were a “cheap” way to borrow? That was back when interest rates were low. Now, most 401(k) loans charge prime plus 1% or even 2%. With the prime rate at 7.5%, you’re looking at 8.5% or 9.5% interest on your loan. That’s…
Read MoreHow Do 401k Loans Work
Imagine working at a company where your financial needs and your career are in sync—where your retirement plan isn’t just a far-off promise, but a practical tool you can use when life throws you a curveball. In today’s world, employees want more than just a paycheck and a retirement account. They want flexibility, options, and…
Read MoreCan I Use My 401(k) to Buy Life Insurance?
So, you’re thinking about life insurance and eyeing your 401(k) as a funding source. The short answer is yes—you can use your 401(k) to buy life insurance. But before you jump in, let’s unpack what this really means, the methods available, and the hidden pitfalls that could cost you dearly. 1. The 401(k) Loan Route This is the…
Read MoreCan I Use My 401(k) to Buy a House?
So, you’re dreaming of homeownership and you’ve got a 401(k) sitting there, maybe with a decent balance. The question pops up: “Can I use my 401(k) to buy a house?” The answer is yes—but let’s slow down and talk through what that really means, the options you have, and the pitfalls that rarely get mentioned.…
Read MoreADP Calc
401(k) ADP Refund Calculator 401(k) ADP Refund Calculator Salary ($): Total 401(k) Contribution ($): NHCE Average Deferral %: HCE Actual Deferral %: Plan’s Estimated Rate of Return (%): Months Invested: HCE is Over 50? Existing Catch-Up Contributions ($): Calculate Refund
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