Highlight’s Post

Let’s call it what it is—NJ Secure Choice is a Mandate. Employers with 25+ employees are now REQUIRED to provide a retirement plan. But you still have the choice to choose a plan that truly benefits you, your business, and your employees. ✔ Personalized Service: Get expert advice from a dedicated financial consultant for both you and your team. ✔ Cost Savings: Save up to $40,000 on expenses, fees, audits, and HR time. ✔ Stay Compliant: Avoid the state-mandated NJ Secure Choice program by choosing a superior option. ✔ Top-Tier Plans: Access customizable, fiduciary-managed 401(k) and profit-sharing plans with very low expense ratios. With NJBIA’s Retirement Solutions, you get real choice, real savings, and a secure future for your employees. Explore your options today at njbia.org/401k. #RetirementPlanning #EmployeeBenefits #CostSavings #RetirementSolutions #NJBusiness

Gallagher is now introducing our 401(k) Choice Pooled Solutions in partnership with Transamerica that can reduce 90% of admin tasks. What this looks like for our clients: 1️⃣ Reduced administrative costs compared to single employer 401(k) plans 2️⃣ Investment services and selections that make the most sense for your employees 3️⃣ Reduced fiduciary risk 4️⃣ 5500's can be signed and filed on behalf of the company Also in this plan, small eligible employers are still eligible to receive the retirement offering tax credit of up to $5,000 for three years! Employees + employers agree that a competitive retirement package is a top consideration when evaluating their total rewards package so stay competitive with a retirement plan solution that grows with you. #PooledSolution #Retirement #401k #FinancialFuture #FinancialPlanning

Are you aware of the critical retirement plan compliance dates looming from September to December? Missing these key deadlines can have significant impacts on your firm and its workers. At Beneco, we're not just about helping you utilize fringe benefits for your retirement plans. We're committed to ensuring your plans remain compliant, allowing you to focus on building a prosperous future for your team. Want peace of mind? Learn more about how we can support your compliance needs today! https://bit.ly/3DlnSHb #RetirementPlan #401k #Compliance #peaceofmind

Auto enrollment features for 401(k) and 403(b) plans work. However, setting the auto enrollment % too low could be doing more harm than good for your employees. According to Shlomo Benartzi in this article, “We looked at more than 8,500 workers across hundreds of retirement plans, and found that employees who chose a “personalized” rate of savings saved more on average—7.8%—compared with those who accepted auto-savings default rate—3.4%.” #financialwellness #employeebenefits #401k #403b

A well-structured 401(k) plan does more than just help employees save for retirement—it can reduce financial stress by 30%. Companies that offer financial education and advisory services see the added benefits of improved productivity and reduced absenteeism. At Providence Wealth Management, we partner with businesses to build comprehensive retirement plans that empower employees and strengthen the organization. #EmployeeWellbeing #401k #FinancialEducation #Productivity #ProvidenceWealthManagement #RetirementPlanning

Offering competitive benefits for top talent is important to the success of an organization. See how a nonqualified deferred compensation plan could help recruit, retain, and reward key employees—and help them get ready for retirement. #Principal_employee

Business owners, are you proactively planning for retirement while managing your company's financial health? It's crucial to engage with your financial and tax advisors to navigate the array of retirement planning options available to you. From Simple IRAs and SEP IRAs to 401ks, each option presents unique benefits tailored to different business structures and sizes. However, they also carry specific costs that need careful consideration. It's not just about the contributions to employee accounts; you also need to factor in administrative fees, particularly for 401ks managed by a Third-Party Administrator (TPA). Remember, informed planning today lays the foundation for a more secure and prosperous tomorrow. #BusinessRetirement #InformedDecisions #FinancialPlanning https://lnkd.in/g3hzX3H4

As we continue our 'Plan Sponsor Minute' series, I'd like to offer you insights into how a Pooled Employer Plan (PEP) differs from a traditional 401(k) plan.    In our second segment, Rico Piatelli, and I discuss the unique advantages of PEPs, including cost efficiencies and reduced administrative responsibilities that can benefit your business.    Watch the video here to learn more!   P.S. If you're interested in exploring how a PEP could enhance your company's retirement plan offerings, please feel free to reach out to me.    #PEP #PooledEmployerPlan #RetirementPlanning CRN202701-5848679

Check out Gallagher’s latest article, “Building Financial Confidence with New 401(k) Designs and Retirement Planning Mechanisms.” With insights from industry leaders Scott Powers, Kaleb Holt, and Tonya Manning, the article highlights how your organization can transform employee benefits and promote financial wellbeing. Read more: https://lnkd.in/giqEG7j4 #retirementplanning #financialwellbeing #401kdesigns