401k audit reminders and common errors for restaurants to avoid

In order to stay competitive in the restaurant industry, many companies offer 401(k)s to their employees as an incentive. Due to the nature of the industry, there are some important factors to consider in order to avoid errors or issues with the Department of Labor (DOL). Below are necessary considerations to help restaurants administer more …

Keep Reading

Looking for a compensation package to attract and retain great employees?

Creating the right compensation and benefit strategy can be one of the most critical steps to ensuring any businesses lasting success.  In fact, in many cases the achievement of any business can often be determined by the strength of its key employees. A key employee plays a massive role in the organization and keeping those …

Keep Reading

Which 401(k) plan makes the most sense for your restaurant?

In order to remain competitive in the industry and retain quality employees, many restaurant companies choose to offer a 401(k) plan. While this is one of the greatest benefits you can offer your employees, it is important to consider the costs and other implications associated with this. Are we required to have an external audit …

Keep Reading

Top 5 common 401(k) administration errors by restaurants

Many restaurant companies offer, or plan to offer, a 401(k) option to employees as a retention tool and as a way to remain a competitive employer in the industry. Administering your 401(k) plan can be quite tedious and allows many opportunities to make inadvertent errors which can create havoc with the Department of Labor (DOL) …

Keep Reading

Annual compliance reminders for your 401(k) plan

Year-end compliance tasks are in full swing for employee benefit plans and most likely your company has a 401(k) plan. The administration of 401(k) plans for restaurants can be very tedious and it is easy to overlook or miss an annual deadline or test to be performed. Below is a list of common issues surrounding …

Keep Reading