Fourward Thinking: Your 401(k) Game Plan
By Nick Hemsted
Thinking of selling your business someday?
A well-run 401(k) plan shows stability, compliance, and care for employees. It’s one of the intangible assets that increases valuation. Don’t overlook it.
Business owners, your 401(k) is a powerful wealth-building tool.
You can contribute over $66,000/year (2024 limit) with the right design. Pair profit-sharing with a safe harbor match to maximize your own savings. Design with your goals in mind.
Your 401(k) plan should grow with your business.
What worked at 15 employees may not fit at 50. Review your plan every year as you scale. It’s a benefit, not a burden.
Being a great employer includes being a great plan sponsor.
It means doing the right thing—consistently, transparently, and with care. When you manage your plan well, everyone wins. Your legacy is in the details.
Planning doesn’t have to be about control.
It can be about freedom.
We work with people who want more intention - not more to-do lists.
Disclosures: This blog contains general information that may not be suitable for everyone. The information contained herein should not be construed as personalized investment advice. There is no guarantee that the views and opinions expressed in this blog will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Legacy Financial Group does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Past performance is no guarantee of future results.
Mutual funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Mutual Funds. The prospectus, which contains this and other information about the investment company, can be obtained directly from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
