ep 23 - Business Retirement Plans Explained: Avoid Costly Mistakes & Choose the Right Retirement Plan

Business Planning

Jan 15

Business Retirement Plans Explained: Avoid Costly Mistakes & Choose the Right Retirement Plan for your business.

Episode Description:

Setting up a business retirement plan isn’t just about saving for later, it’s about reducing taxes, staying compliant, and making smarter decisions as your business grows.

In this episode of EnRich Your Life, Rich sits down with a seasoned retirement planning Third Party Administrator (TPA), Brad Scherer. His role is to break down how business owners should think about retirement plans, what mistakes to avoid, and how recent regulatory changes can impact your strategy.

Whether you already have a plan or are starting from scratch, this conversation will help you understand your options and avoid costly errors.

Key highlights:

How to choose the right retirement plan for your business goals
Common compliance mistakes business owners don’t realize they’re making
What SECURE Act 2.0 changes mean for 401(k)s and catch-up contributions
When a cash balance plan actually makes sense

Disclosure:
Brad Scherer is not a client of Richard Leimgruber, no compensation cash or otherwise was not paid in exchange for his appearance in this podcast, and there are no known conflicts of interest.

About our guest:

Brad helps businesses and individuals manage their retirement and investment accounts. As a Third Party Administrator, he works with small to mid-sized businesses to reduce tax exposure, maintain compliance, and ensure owners and employees are properly preparing for retirement. His focus is advising on, establishing, and maintaining employee retirement plans, including defined benefit, defined contribution, and 401(k) plans.