The Quintes Blog

Your employees deserve every opportunity to reach their goal of an ideal retirement – and the Quintes blog is part of our goal to inform both employers and employees of the options and choices available to make confident financial decisions for the future.

How do you calculate your Income Replacement Ratio?

A person’s income need in retirement varies from person-to-person. There is no one solution that can fulfill everyone’s retirement goals.  Most 401(k) participants understand that their goal in participating in an employer sponsored plan is to accumulate a balance large enough that will replace most of their working income, thus providing the opportunity for someone Read More…

The Modern Day Retirement Age Reality: Why 70 is the new 65

When we meet with employees in our 401(k) plans and ask them, “When would you like to retire?” they often to refer to age 65 as a general targeted date of when they think retirement is supposed to happen. In order to demonstrate the reality of retirement by the age of 65, we utilize calculators, Read More…

Retirement Plan Administration: What You Need to Know

When I meet with prospective clients, they typically view the administrative duties performed by a potential provider as a commodity, i.e. all providers are the same, when in reality this couldn’t be further from the truth.  The most significant liability faced by an employer who sponsors a retirement plan is related to the administrative duties Read More…

How to encourage lower-wage employees to participate in a 401(k) plan

Offering a retirement plan is a major benefit businesses can offer to their employees; yet I often come across clients who have lower-wage employees who do not participate. Most business owners assume their lower-wage employees don’t elect to participate in a 401(k) plan simply because they cannot afford to, but in reality the the lack Read More…

401(k) Auto Enroll Success—Win Win!

During a recent Plan Review with a client, we discussed all the normal aspects of their plan— design, administration, investments, employee education, etc. This client is a start-up company in the Silicon Valley that is rapidly growing and hires new employees on a weekly basis. The Problem? Part of their problem that contributed to the lack Read More…

401(k) plans are all the same, right?

I had an interesting experience recently.  A prospective client asked me to meet with her company’s administrative support staff to go over their retirement plan management procedures. I asked each member of the staff to explain to me the various duties each performed in support of their company’s 401(k) retirement plan and the amount of Read More…

The Quintes story

In 1986, I purchased the Salinas branch office of Farzaroli & Davey’s qualified plan Third Party Administrator (TPA) business and renamed it Shearn & Associates, Inc. For 15 years, we offered compliance services to qualified retirement plans. In 2001, I merged Shearn & Associates into Hayashi & Wayland Accounting and Consulting, LLP and became partner Read More…