Step One: Analyze Your Plan

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Today I want to talk about Step One of the Ultimate 401k Advantage 5 Step Process, analyze your plan. And we’ll talk about the value of it.

But first, let me ask you a question.

The real question is, how can you as a company that sponsors a 401k or 403b plan, turn your plan from a liability into an asset that gives you an advantage in the marketplace, and become a 401k superhero to your employees?

That is the question, and these videos will give you the answers. Hey I’m Jonathon Schultheiss and welcome to the Ultimate 401k Advantage videos.

Step one is to analyze your plan. Why do you need to analyze your plan? What’s the value in it?

I believe, a 401k or 403b plan done right is not just a liability, it’s an asset that could give you an advantage in the marketplace when it comes to recruiting, retaining and engaging employees.

You see, there are several surveys done that show that American’s value their financial wellness and rank it very high in their overall wellness.

Knowing how your plan helps them in achieving their overall goal, is how you convert your plan into an asset that give you an advantage.

Here are a couple of things that you should consider analyzing on your retirement plan.

1. What is your current participation rate? Are your participants taking advantage of the plan?

2. What is your average deferral rate? Are your participants saving enough to be able to retire?

3. What is your current employee education program? Does it include advice to your participants? And do you offer basic financial literacy or a wellness program?

You see, when you analyze the overall health of your plan, and you know what success you are or are not having with your plan, then you can make informed decisions on things to improve.

When you make improvements to these things, they can make an impact in the overall financial wellbeing of your employees.

This will help you engage and retain those employees, and could improve your company’s bottom line with very simple tweaks in your retirement plan.

And the best thing of all, some of these changes wouldn’t even cost your company very much at all. The ROI (Return on Investment) could be very high!

Want to learn more about these ideas and other ways for your company to gain the Ultimate 401(k) Advantage, and learn how to become a 401k superhero to your employees?

Then download a free copy of my book by clicking the link above or going to