Your 401k isn't just a benefit. It's a message to your workforce. In this episode, Kimberly Prescott sits down with Mike Camerata, Partner at Tai Creek Financial Group, to break down how employers can use 401k plans as a strategic retention tool. They cover the biggest misconceptions about cost and complexity, the plan design features that drive real participation (auto-enrollment, auto-increase, and matching formulas), and why safe harbor plans are the go-to for most small businesses. Mike also explains the key differences between Maryland Saves and a customized 401k, and why communication is just as important as the plan itself. We discuss these topics…and of course, we talk about cocktails, including a Sazerac, the official drink of New Orleans!
Hosted by Kimberly Prescott, Founder and President of Prescott HR
Guest: Mike Camerata, Partner at Tai Creek Financial Group