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…
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…
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…