It’s officially 401(k) “selling season,” and Melissa Teritoand Kasey Melancon are diving into the strategies business owners can still use—even if key deadlines have already passed. They unpack what happens when employers miss the October 1st cutoff for establishing a safe harbor 401(k),explore how prior-year testing can provide flexibility for small business owners, and explain why plan design often looks different for smaller companies with only a handful of employees.
The conversation also touches on profit-sharing opportunities, effective dates, and the practical differences between S corporations and other entity types. Melissa and Kasey break down the pros and cons of pushing a plan through before year-end versus waiting until the newyear, and they highlight solutions—like cash balance plans and profit-sharing-only plans—that can still deliver meaningful tax and retirement benefits.
If you’re a business owner who’s procrastinated on yourretirement plan setup, this episode is full of insights to help you understand your options and avoid missing out.
Have any questions about this episode’s topic? Let us know!Visit our website for more information: Sentinel Pension (sp-tpa.com)
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Music by Adam Vitovsky
