Tag: 401k Plans

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An Employer’s Guide to 401(k) Plans: A Four-Part Series (Part IV) (Ep. 150)

An Employer’s Guide to 401(k) Plans: A Four-Part Series (Part IV) (Ep. 150)

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Are your 401(k) offerings impacting employee wellness and engagement?

Join Larry Heller, CFP®, CDFA®, in the concluding episode of our four-part series, “An Employer’s Guide to 401k Plans.” This final segment focuses on the broader impact of 401(k) plans in terms of employee well-being and corporate culture. Larry explores how these plans transcend traditional retirement savings and play a pivotal role in fostering financial literacy, engagement, and loyalty among employees.

Larry Discusses:

  • The vital role of 401(k) plans in attracting and retaining talent and the extensive benefits for employers
  • Clarifying contributions, fund choices, and Roth options in 401(k) plans to support informed decision-making
  • Providing easily accessible resources and dedicated support for navigating 401(k) plans effectively
  • The importance of comparing model portfolios with target date funds for diverse financial needs and personalized investment approaches
  • The need for showcasing an employer’s commitment to employee well-being through comprehensive financial wellness programs
  • The necessity of continuous communication and regular educational meetings to engage employees in their 401(k) plans
  • And much more!

 

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An Employer’s Guide to 401k Plans: A Four-Part Series (Part II)

An Employer’s Guide to 401k Plans: A Four-Part Series (Part II)

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Are you confident in your mastery of 401k fiduciary responsibilities?

Continuing the engaging “Employer’s Guide to 401k Plans“ series with Larry Heller, CFP®, CDFA®, this second installment dives deeper into the crucial topic of 401(k) fiduciary governance. Building on the foundational knowledge from Part I, Larry guides listeners through the intricate responsibilities and best practices essential for effectively managing a 401(k) plan.

Larry Discusses:

  • The broad scope of fiduciary responsibility, extending beyond plan sponsors to key employees involved in plan management
  • The crucial role of adhering to the plan document as the governing ‘bible’ of the plan
  • Common pitfalls in 401(k) management, such as failing to timely notify eligible employees, and the significant consequences of these oversights
  • The pivotal role of 401(k) plans in employee retention and attraction, highlighting their importance as a core employee benefit
  • Investment oversight essentials, including the need for diversification, low costs, regular reviews, and the advantages of model portfolios
  • The necessity of regular benchmarking and impartiality in selecting service providers
  • The importance of education and effective communication about the plan to employees
  • And much more!

 

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An Employer’s Guide to 401k Plans: A Four-Part Series (Part I)

An Employer’s Guide to 401k Plans: A Four-Part Series (Part I)

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Is it possible for 401(k) plans to work harder for you?

Join Larry Heller, CFP®, CDFA®, in this essential mini-series where Larry unravels the intricacies of 401(k)’s. This episode covers crucial topics such as the significance of proper plan design, the diverse types of 401k plans, and the advantages of offering these plans for business owners. From perspectives on contributions and matching to navigating investments and educational aspects, this podcast equips you with the knowledge to navigate the complexities of 401(k) plans.

Larry Discusses:

  • Various 401(k) plan types like Regular, Safe Harbor, and Matching Contribution plans
  • The substantial tax benefits for business owners and grasping the real value of comprehensive 401(k) plans, transcending mere costs
  • How adaptable 401(k) plan designs cater to evolving company needs
  • The significance of early involvement in plans and the critical choice between Roth and traditional contributions
  • Emphasizing the necessity of specialized education and tools like retirement calculators for making well-informed decisions
  • Heller Wealth Management’s benchmarking service to compare 401(k) plans against industry norms
  • And much more!

 

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The Great Wealth Transfer, Part 1: From Boomers to Millennials (Ep. 141)

The Great Wealth Transfer, Part 1: From Boomers to Millennials (Ep. 141)

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Ever heard of the Great Wealth Transfer? It’s about to change everything you thought you knew about money.

Imagine a staggering $68 to $74 trillion cascading down over the next decade or so. Could this make millennials the richest age group the U.S. has ever seen?

In this two-part series, Larry Heller, CFP®, CDFA®, offers a glimpse into the psyche of the baby boomers as they navigate this monumental transition of wealth to the millennials. Learn how you can prepare as Larry covers such topics as taxes, Roth conversions, estate planning, and the benefits of being diligent with your record-keeping.

Part 1 of this Great Wealth Transfer series highlights:

  • The intricacies of taxes associated with this massive wealth movement
  • A review of Required Minimum Distributions (RMDs) and Roth conversions
  • How to engage in family tax planning, including the importance of candid conversations 
  • Eyebrow-raising tales like the Miami Dolphins’ sale driven by unforeseen tax burdens
  • The often overshadowed aspects of estate planning, such as safeguarding assets and diligent record-keeping
  • And much more!

 

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