Fourward Thinking: Your 401(k) Game Plan
By Nick Hemsted
Fourward Thinking is about breaking things down into four manageable steps. Each set of tips is designed to help you approach your 401(k) decisions with clarity.
1. Use your 401(k) to reward and retain top talent.
Consider adding profit-sharing or a vesting schedule that encourages loyalty. Smart design supports your growth strategy. Benefits can be tools, not just expenses.
2. A cash balance plan may be right for your company.
If you're highly profitable and want to supercharge retirement savings, it can allow $100K+ contributions for owners. Combine it with a 401(k) for maximum tax efficiency. Ask your advisor if it fits
3. Your plan should serve your team—not just your top earners.
Make it inclusive. Review eligibility, vesting, and loan provisions. If your plan only benefits the C-suite, it could fail compliance tests. Design for everyone.
4. Your employees trust you with their future.
A 401(k) is more than a benefit—it’s a promise. Run it with intention, monitor it like your business, and treat it with the care it deserves. Because they’re not just investing—they’re believing in you.
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: The material presented by Nick Hemsted is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Actual economic or market events may turn out differently than as presented. Nick Hemsted is a Financial Advisor with Legacy Financial Group. Advisory services are provided by Legacy Financial Group, a registered investment advisor with the Securities and Exchange Commission. Materials posted to this site are from external sources and are provided for your convenience in locating related information and services. Legacy expressly disclaims any responsibility for and does not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.
