Gateway Financial Partners

Andrew Klein

Avatar photo
Setting task for the day

A Comprehensive Guide to End-of-Year 401(k) Tasks

As the end of 2023 draws near, those responsible for their company 401(k) plan have much to consider. With a combination of standard annual tasks and new SECURE Act provisions on your plate, we are here to help you. This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those […]

A Comprehensive Guide to End-of-Year 401(k) Tasks Read More »

Concept of business strategy.

Boosting Profits and Savings: 5 Tax Strategies for Business Owners

For business owners, striking a balance between operating costs and profit is the cornerstone of success. Operating costs include everyday expenses like salaries, rent and supplies. Profit, on the other hand, is what remains after all these operating costs have been paid. It’s the reward for the risks taken and the value created by your

Boosting Profits and Savings: 5 Tax Strategies for Business Owners Read More »

Graphic designer writing notes on tablet online, typing on laptop and planning a task working remot

6 Common Administrative Tasks That Can Morph Into 401(k) Plan Headaches

Managing a 401(k) plan can leave even the most seasoned administrators feeling overwhelmed. With proper support, you can simplify the complex task of retirement plan management.   Top 401(k) Plan Headaches The first step is to understand the potential problems. Here are some common issues that can cause headaches for plan sponsors: Uploading Payroll Determining

6 Common Administrative Tasks That Can Morph Into 401(k) Plan Headaches Read More »

Businessman showing an insurance policy to sign. Insurance agent consulting insurance to customer.

What is an Investment Policy Statement (and Should You Have One)?

In the financial industry, the term “Investment Policy Statement” is used a lot – but what is an Investment Policy Statement (or IPS) and do you really need one? Definition of Investment Policy Statement (IPS) An investment policy statement is a document written to provide the strategy for selecting and monitoring plan investments. This document

What is an Investment Policy Statement (and Should You Have One)? Read More »

Accountant working with calculator for investigation of corruption account.

Are You a Fiduciary (And What You Need to Know)

The term “Fiduciary” comes from the Latin word “fiduciaries” which means trust.  In 401(k) terms, a fiduciary is someone entrusted with complying with the requirements outlined in ERISA—the Employee Retirement Income Security Act of 1974. This act governs the management and operation of retirement plans and protects the interests of those invested in the plan.

Are You a Fiduciary (And What You Need to Know) Read More »

Insurance agent with stack of policy contracts on office desk

Using Erisa Section 404(c) To Limit Fiduciary Liability

Did you know that as a plan sponsor, you could be held personally liable for the poor investment and allocation decisions employees make inside their 401(k) plans? Don’t worry though – there is a provision inside ERISA (the Employee Retirement Income Security Act) that allows you to be relieved from liability, provided you follow some

Using Erisa Section 404(c) To Limit Fiduciary Liability Read More »

Scroll to Top