Chris Licata’s Post

If you have a 401(k), you're going to want to know about these changes that are coming next year. This is even more relevant if you're a business owner, as knowing about these ahead of time could enable you to compete for top talent in a unique way by positioning your benefits package to take advantage of these new options. Give it a watch: https://lnkd.in/evqPWwzq

When you separate from an employer, you have to make decisions with regards to your 401K plan. It’s important to understand the pros and cons of each option while also understanding that the optimal solution often varies from person to person based on their financial situation and objectives. The four primary options are: 1) Leave it in the existing 401(k) plan 2) Rollover to an IRA 3) Rollover to your new employer’s 401(k) plan 4) Cash Distribution https://lnkd.in/eYGHWHBV

More media about the recent private letter ruling in support of the company’s design of a flexible 401(k) match allocation. Giving the ability for participants to allocate it to the 401(k) plan or student debt repayment or healthcare savings. The default being the 401(k) plan if no allocation is requested. This innovative plan design could result in participants appreciation for the tangible investment employers make for employees financial well-being. It is appropriate that the default allocation is the 401(k) plan.

**Is Your 401k Undervalued?** A 401k isn’t just a benefit—it’s key to attracting and keeping top talent. Yet many employers skip regular reviews, leading to overpayments and missed opportunities. An annual check ensures your plan performs well, catches “red flags”, reduces costs, and benefits both your business and employees. #401kReview #EmployeeRetention #FinancialWellness #BusinessSavings #EmeraldCoast #RetirementPlanning #401kOptimization #EmployerTips

What impact do the long-term part-time employee (LTPTE) rules have on Individual 401(k) plans? If you’re a Solo 401(k) plan sponsor, you’ll need this update: https://bit.ly/3NTFGPK  

Have you ever sat down and calculated how much you should be contributing to your 401(k)? Here’s how 💸📈

What impact do the long-term part-time employee (LTPTE) rules have on Individual 401(k) plans? If you’re a Solo 401(k) plan sponsor, you’ll need this update: https://bit.ly/3NTFGPK  

While Professional Employer Organizations (PEO) offer convenience, there are several compelling reasons why moving your 401(k) plan out of your PEO can be a smart financial decision. Here’s why:

Pooled employer plans allow unrelated businesses to participate in a single 401(k) plan, managed by a pooled plan provider. Find out how this arrangement may benefit your business and employees. https://hubs.li/Q02Ygd8k0

How to Roll an IRA into a 401(k) (or another Employer Plan) In this video we discuss how to move your IRA into your Employer Sponsored Plan (401k, 403b, etc.). https://lnkd.in/dwm7VTYc