Blue Associates can help guide you along the path to—and through— retirement planning. No matter where you are in life, we can provide guidance, tools, and services to help you prepare for retirement on your terms.
A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.
- Elective salary deferrals are excluded from the employee’s taxable income (except fordesignated Roth deferrals).
- Employers can contribute to employees’ accounts.
- Distributions, including earnings, are includible in taxable income at retirement (except for qualified distributions of designated Roth accounts).
See the 401(k) Resource Guide for details on 401(k) plans. Choose a 401(k) Plan
Establish a 401(k) Plan
- Steps to establishing a 401(k) plan
- How to include automatic contribution increases in a plan
- Sample automatic enrollment plan language
- How to establish designated Roth accounts in a 401(k) plan
Participate in a 401(k) Plan
- Contribution limits
- 401(k) topics for participants
- General guidance on participating in your employer’s plan
Operate and Maintain a 401(k) Plan
- Operating a 401(k) plan
- 401(k) topics for plan sponsors
- Reducing or suspending safe harbor contributions
- 401(k) Questionnaire Final Report contains insights on plan operations and maintenance
Correct a 401(k) Plan
401(k) Checklist Helps you keep your 401(k) plan in compliance with important tax rules.
- 401(k) Fix-It Guide Tips on how to find, fix and avoid common errors in 401(k) plans.
IRC 403(b) Tax-Sheltered Annuity Plans
A 403(b) plan (also called a tax-sheltered annuity or TSA plan) is a retirement plan offered by public schools and certain 501(c)(3) tax-exempt organizations. Employees save for retirement by contributing to individual accounts. Employers can also contribute to employees’ accounts. Choose a 403(b) Plan Learn the basics of a 403(b) plan Participate in a 403(b) plan Who can participate in the plan, plan contributions, withdrawals Establish a 403(b) plan Set up a 403(b) plan, written program requirements, optional provisions, sample plan language Operate and maintain a 403(b) plan Reporting and nondiscrimination testing requirements, periodically reviewing the plan Correct 403(b) plan errors Find, fix and avoid plan errors Terminate a 403(b) plan Requirements for ending a 403(b) plan Additional resources Forms and publications, mini-courses and other 403(b) resources
A death in the family is devastating in many ways. Not only is it an emotional trauma, it can also take a tremendous toll on your family’s future financial security. Suddenly, without the deceased’s income, paying the mortgage or providing for a child’s college education may become impossible.
Buying life insurance ensures your loved ones are taken care of financially. Life insurance is a promise by an insurance company to pay those who depend on you a sum of money upon your death. In return, you make periodic payments called premiums. Premiums can be based on factors such as age, medical history, gender and the dollar amount of the life insurance you purchase.
In the event of your passing, life insurance provides money directly to the individuals your beneficiaries, who can then use the money as they see fit, including:
- Covering basic living expenses
- Replacing lost income
- Paying household debts, estate taxes and funeral expenses
- Funding a child’s education
- And more…
Mortgage Protection Insurance
Being able to pay your mortgage each month is important. What would happen to your family and loved ones if you were to die prematurely, become critically ill, or disabled? Would they be able to pay off the mortgage and stay in their home? If you are unsure they could, you owe it to yourself and to your family to consider a mortgage protection insurance policy.