The Hitchhiker's Guide to Dayton Tech & Startups

The Hitchhiker's Guide to Dayton Tech & Startups

Preparing your SB for Success and Retention - 401K and Healthcare Plans

  • Tec^Edge 5000 Springfield Street Dayton, OH, 45431 United States

Your Small Business is growing and becoming a success, but what are the next steps to take care of your employees?Obviously it is 401K and Healthcare Plans, without these you will probably not retain your employees. Even if you aren’t ready to take these business plan steps you still need to prepare yourself for a successful future. 

Two local experts, Gregg Hews, CLU, ChFC, LUTCF with Priority Financial Group and Hank McElderly, Benefits Consultant with Benefit Builders will prepare you for the next steps to create a successful business. 

Gregg’s presentation title: Attracting and Retaining Valued Employees Through Qualified Employer Sponsored Retirement Plans 

Gregg will concentrate on qualified plans and non-qualified plans and how employers can use them to attract or retain valued employees. He will review some rules on fiduciary responsibility and 401k and Cash Balance in more detail.

Presentation will discuss: 
• Reasons to offer Q-Plans to Employees
• The different types of Qualified Plans available to small business owners
• What is the best design strategy? 
• Using a Non-Qualified Plan retain key team members

Hank’s presentation title: High Healthcare Costs? What is a business owner to do?

In this session, we will address the cost dilemma facing small employers who sponsor a health insurance benefit plan for their employees. We’ll provide a short overview of the “ObamaCare” legislation that is now 6 years old and describe how it has affected the health insurance industry. Further, we’ll translate how the impact on insurance companies is now stressing small business budgets. Finally, our presentation will offer some solutions that plan sponsors might not be aware of. 

Presentation will discuss:  

• ACA – Affordable Care Act
• Key Elements of the Act
• Grandfathered/Grandmothered Plans
• Reasons for Cost Escalation
• Cost Reducing Strategies