Tag: Employee Benefits

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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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How High Deductible Plans Can Save Your Business Money (Ep. 147)

How High Deductible Plans Can Save Your Business Money (Ep. 147)

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Is opting for high-deductible health insurance plans a smart financial move for businesses?

Larry Heller’s latest episode of the Life Unlimited Podcast features Jeff Weiner, CEO of HKM Associates, who brings his extensive experience spanning over four decades in life, health insurance, and financial services. Throughout the episode, Jeff offers invaluable insights into working with businesses to maximize savings through high-deductible plans. He provides comprehensive explanations on the mechanics of these plans and showcases their efficacy in saving costs, employing real-world examples to illustrate their practical application.

Key points covered:

  • Exploring New York’s distinct health insurance market for small and medium-sized businesses and its unique challenges
  • Unveiling the significant savings companies can achieve with high deductible plans through real-life comparisons with traditional plans
  • Emphasizing the importance of understanding the financial implications behind health insurance plans and the role of third-party administrators in managing high deductible plans
  • Plus more insights on transforming your business’s health insurance strategy!

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About Jeff Weiner: Jeff Weiner, the CEO of HKM Associates has named his company after his wife, Helene and his daughters, Kelsey and Megan. HKM Associates strives to provide excellent service in the areas of Life Insurance, Health Insurance and Financial Services both in the personal and corporate marketplace. Jeff brings extensive knowledge to these areas and has been the recipient of many industry awards in his 40 years in the field.

Nothing makes Jeff happier than supporting organizations which are doing good things in our communities and benefiting the causes closest to his heart. Jeff started his charitable initiatives with the SUNY Albany 24-hour telethon during his college days. Since then, he has made leaps and bounds, held many key positions and raised millions of dollars for over a dozen organizations locally and nationwide.

Jeff’s pay-it-forward attitude has transferred to his daughters who are proud to involve themselves in the causes that speak to them the most. When his daughter, Megan, fell ill with Hodgkin’s Lymphoma in 2011, the family did what they do best, support and get involved. With initiatives like “Like the Night”, “5 and Alive” and participating in organization events through Stupid Cancer and the Leukemia and Lymphoma Society, Jeff and his family were able to help many other struggling families receive benefits through fundraising.

Jeff’s business goal is to be able to sustain himself to focus on his passion of working within the charity world, organizing, and coordinating fundraising events through his networks and providing the benefit to those who need them the most.

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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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