The Hidden Cost of “Free” Recordkeeping in 401(k) Plans
Many employers are told by their providers that their 401(k) plan has “free” or “no-cost” recordkeeping. While that phrase is common in the retirement industry, it is also misleading. Recordkeeping is never free. The real question is how it is paid for, who pays for it, and whether the arrangement creates fiduciary or equity concerns […]
Creating a Customized 401(k) Education Program for Your Construction Team
Construction companies invest heavily in safety, equipment, and workforce development, but long-term financial security is often overlooked. With high turnover, seasonal schedules, and variable wages, construction workers face unique obstacles when saving for retirement. A well-designed 401(k) education program can bridge that gap, helping employees understand their benefits, build confidence, and take meaningful steps toward […]
How Construction Business Owners Can Use Their 401(k) Plan as a Tool for Tax Savings
Running a construction business comes with its fair share of financial challenges, tight margins, unpredictable project timelines, and fluctuating labor costs. But one area where business owners have significant control is how they structure their retirement plan. A well-designed 401(k) plan can serve not only as a powerful employee benefit but also as a strategic […]
Why Construction Companies Should Offer a 401(k) Plan: Benefits Beyond Retirement Savings
In today’s competitive construction industry, attracting and retaining skilled workers has become a challenge. With a shrinking labor pool, rising project demands, and the physical nature of construction work, companies need every advantage to stand out as employers of choice. One of the most effective ways to do that? Offer a strong 401(k) plan. While […]
2026 Retirement Contribution Limits Are Increasing – Here’s What You Need to Know About the New Roth Catch-Up Rule
Written by: Greg Phillips, AIF®, CPFA®, C(k)P® The IRS has released the new retirement contribution limits for 2026, and the numbers are going up again. Higher limits mean a greater opportunity to save more for your future, especially for those age 50 and older who qualify for “catch-up” contributions. Here are the key 2026 limits: 401(k), 403(b), […]
Don’t Leave Money Behind: How to Recover and Prevent Abandoned 401(k) Accounts
Written by: Greg Phillips, AIF®, CPFA®, C(k)P® When it comes to preparing for retirement, most people focus on contribution rates, investment performance, and future income needs. But there’s another factor that can quietly undermine your financial progress, the abandoned 401(k). At Twelve Points, we often meet clients who’ve changed jobs multiple times over the years […]
SECURE Act 2.0: Roth Treatment of Catch-Up Contributions – What Plan Sponsors Need to Know
One of the most impactful provisions of the SECURE Act 2.0 is the requirement that catch-up contributions for certain employees be made on a Roth basis. Beginning in 2026, participants age 50 and older who earned more than $150,000 (indexed) in wages from their existing employer during the prior year must have their catch-up contributions made […]
The Importance of Employee Education: Helping Your Construction Workforce Plan for Retirement
Retirement planning can feel like a distant concern when you’re working long hours on a job site. For construction workers, the demands of the trade irregular schedule, seasonal work, and the physical intensity of the job make it easy to put off thinking about financial security down the road. But here’s the reality: without the […]
Driving Success with Pooled Employer Plans
In today’s competitive auto retail industry, attracting and retaining top talent is just as important as moving vehicles off the lot. Dealerships invest heavily in marketing, inventory management, and customer experience, but an equally powerful – and often overlooked – tool for long-term success is the Pooled Employer Plan (PEP). A PEP is a retirement […]
Maximizing Your Construction Company’s 401(k) Plan: Best Practices for Employers
In the construction industry, attracting and retaining skilled workers is no easy task. Between high turnover, seasonal employment, and the need to remain competitive in a tight labor market, providing meaningful benefits can make all the difference. A well-structured 401(k) plan is one of the most powerful tools a construction company can use to invest […]
Supercharge Your Retirement – Cash Balance Plans for Dealer Principals
As a successful automotive dealer principal, you have fine-tuned every part of your operation — from inventory management to customer satisfaction, marketing to manufacturer relationships. But one critical system might still be under optimized: your retirement plan. Many dealer principals hit a wall once they max out their 401(k) and profit-sharing contributions. If you are […]
Top 5 Common Mistakes Construction Workers Make with Their 401(k) and How to Avoid Them
Construction workers have to deal with complicated physical and intellectual demands. As a result, they may overlook the importance of long-term financial planning, especially when it comes to retirement and their 401(k). Even though this is an understandable oversight, it can result in major financial setbacks. To make it easier for construction workers to secure […]