Understanding 401(k) Terms: Sponsor & Third-Party Administrator
Posted: September 13, 2020
A 401(k) plan is an excellent benefit for employers to offer employees. It is a tax-deferred, defined-contribution retirement account that gets its name from a section of the IRS Code. Many employers offer matching funds for all or part of their employees’ contributions to a 401(k) plan. If you are opening a 401(k), two key terms to understand are “sponsor” and “third-party administrator.” What Is...
I Have Life Insurance Through Work. Isn’t That Enough?
Posted: September 8, 2020
Picture this: You land an exciting new job with great benefits: vacation time, health insurance, 401(k)… even free lunch once a week! They offer group life insurance, too – two times your annual salary. That sounds like a lot, right? In many cases, it might not stretch as far as you think. Let’s say you make $50,000 per year. A benefit of $100,000 can make...
Common Questions & Answers About Business Insurance
Posted: September 4, 2020
Any business, large or small, needs a business insurance package. These packages are a combination of various types of coverage, designed to protect a business owner’s investment when the unexpected happens. Here, we provide answers to some commonly asked questions about business insurance. Why Is It So Important To Have Business Insurance? Owning a business brings opportunities, but it also comes with certain risks. Business...
Is There Collector’s Insurance For Vehicles Other Than Cars?
Posted: September 1, 2020
Classic car owners know the value of collector car insurance. But what if your vintage vehicle is other than a car? Collector’s insurance is also available for owners of antique motorcycles, boats, and RVs. Collector’s Motorcycle Insurance Classic motorcycles are a passion for many collectors. You may want to consider collector motorcycle insurance if you own vintage or antique bike such as a: Triumph Bonneville...
Do You Have The Right Coverage For Your Roof?
Posted: August 31, 2020
Roofing insurance claims can be complicated. That’s why it’s so important to have the right homeowners coverage for your roof. Replacing a roof is one of the most expensive home projects a homeowner will encounter. According to Home Advisor, the 2020 national average a homeowner will spend on installing a new roof is more than $8,000. While you can save up over months or years to...