In this episode of Financial Foundations, Dustin Taylor, Kyle Howell, and Alex Wolfe, CFP®, sit down with retirement plan specialist Marc Piccirillo to unpack how employer-sponsored plans really work behind the scenes. If you are a business owner wondering whether you should offer a 401(k), a SIMPLE IRA, or something else entirely, this conversation walks through the practical tradeoffs, the hidden responsibilities, and the incentives you might be leaving on the table.

Marc explains how plan sponsors, recordkeepers, and third-party administrators all fit together, why recent legislation has made it easier and cheaper to start a plan, and how offering the right benefits can help you become an "employer of choice" and even make your business more attractive at sale.

In this episode, you'll learn:

• What "employer-sponsored plan" actually means and how 401(k), 403(b), and SIMPLE IRA plans differ

• The key responsibilities and risks a plan sponsor takes on

• How recordkeepers and TPAs support the day-to-day administration of a plan

• How Secure Act changes and state-mandated plans are reshaping the retirement landscape for employers

• When it makes sense to move from a SIMPLE or SEP IRA to a 401(k) as your business grows

• Why starting something now, even at low contribution levels, can be more important than waiting for the "perfect" plan

Guest:
Marc Piccirillo, retirement plan specialist focused on employer-sponsored plans for small and mid-sized businesses.

Resources and contact:
Visit basewealthmanagement.com for more articles, videos, and podcast episodes.
Send your questions or episode ideas to question@basewealthmanagement.com to be featured in a future episode.

Disclosures:

Investment advisory services provided by Base Wealth Management, LLC doing business as Base Wealth Management, as a registered investment advisor.

Base Wealth Management ("BWM") is a Registered Investment Adviser. Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or veri>ed by the U.S. Securities and Exchange Commission or any state securities authority. BWM provides individualized advisory services only to persons in states where it is properly registered or exempt from registration. All investments involve risk, including the potential loss of principal, and no strategy can guarantee a pro>t or protect against loss.

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