LoVasco

07/24/2023

We're hiring a retirement plan expert. Do you know anyone that is interested?

Are you an expert in all things 401(k) and workplace savings programs? Do you thrive in a highly accountable environment? Do you have an entrepreneurial spirit? Then read on! About LoVasco LoVasco's Retirement Plan Consulting Group serves as the outsourced Chief Retirement Officer (CRO) to mid-sized...

07/14/2023

🌟 Seeking Star Employees? Let your 401(k) Plan Be Your Secret Weapon! 🌟

In a competitive job market, finding and keeping exceptional talent can be tough. But here's a game-changing solution: enhancing your 401(k) plan design. 💼💪

By boosting your employees' retirement security and financial well-being, you'll not only motivate top talent to join your team but also encourage them to stay for the long haul. 🏆💼

Did you know that 35% of employers have already taken proactive steps to ensure employee happiness and satisfaction? Don't get left behind—be one of the savvy executives who stand out from the crowd.⚡

When it comes to recruiting and retaining the best, your benefits offering is crucial. That's why a 401(k) plan tailored to your workforce's needs is a win-win. 🎉

💡 Immediate eligibility, automatic enrollment, and frequent entry points make a difference—helping employees save for retirement effortlessly and boosting plan competitiveness. Plus, automatic escalation ensures they're on track to save the recommended 10-15% per year.3⏰

But that's not all! Companies that offer a 401(k) match gain a serious advantage in the eyes of prospective and current employees. More than half of employers (55%) already do it.4🔥

Want to level up your recruiting game even more? Consider immediate vesting for employer contributions—show employees you mean business when it comes to their future. 💪💼

And remember, a competitive 401(k) plan is just the beginning. Think outside the box with additional benefits like restricted stock and cash balance plans. Your tenured employees will feel valued and motivated, making them even more committed to your success. 🌟🎁

Ready to attract and retain star talent? Don't miss out on the advantage that a well-designed 401(k) plan brings. Invest in your employees' financial well-being and set your business apart in today's challenging labor market. Click the link below to learn more! 👇✨

Looking to attract and retain high-quality talent in today’s competitive labor market? Enhancing your 401(k) plan design could be the answer.

02/07/2023

Wealth transfer planning often involves strategies designed to minimize income, estate, and gift taxes. Read our article, "Special Trust Provisions Add Flexibility to Transfer Tax Reduction Strategies," to learn more about strategies and how they could impact your wealth transfer planning.

01/24/2023

Ensuring a financial plan has sufficient flexibility to succeed in various circumstances is a crucial and often underappreciated consideration.

By focusing exclusively on the death benefit rather than taking a more comprehensive approach to the uses for life insurance and the reality that needs can change, a buyer may be overlooking better choices for life insurance.

01/10/2023

Whether it is a term insurance policy purchased to fulfill the immediate protection need or a permanent insurance contract with lifetime protection and cash value benefits, life insurance represents a reasonably safe, certain, and secure financial asset in an uncertain, unpredictable world.



https://lovasco.aperture.mfin.com/cash-value-accumulation-of-life-insurance/at001-the-4-essential-values-of-permanent-life-insurance

11/30/2022

Gifting is one of the most powerful and versatile tools in a high-net-worth individual’s estate and wealth planning repertoire.

Continue reading to learn about how gifting could fit into your estate plan.

https://lovasco.aperture.mfin.com/estate-planning-and-wealth-transfer/at015-maximizing-the-power-of-gifting

10/26/2022

Do you have clients with Irrevocable Life Insurance Trusts (ILIT)? If so, you’ve likely faced the challenge of finding the most tax-efficient way for them to pay their insurance premiums and preserve their cash flow. Move the discussion forward with your clients by helping them see other potential funding sources as distinct “buckets” of funds that they can access to pay premiums.

https://lovasco.aperture.mfin.com/advanced-topics/advanced-topic-3

08/29/2022

IRS Notice 2022-33, issued on Aug. 3, 2022, extends plan amendment deadlines for key provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). Learn more in this week's LoVasco Insights blog post.

IRS Notice 2022-33, issued on Aug. 3, 2022, extends plan amendment deadlines for key provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).

08/26/2022

Curious as to the various aspects of fiduciary responsibilities associated with trust owned life insurance? LoVasco is available to partner with you to perform thorough due diligence and to conduct regular policy reviews that will simplify your duties as a fiduciary.

01/09/2020

10/11/2019

Congrats to our Retirement Plan Consulting team, who was named to the 2019 edition of the Financial Times 401 Top Retirement Advisers!! The list recognizes the top financial advisers who specialize in serving defined contribution (DC) retirement plans across the U.S.

Keep up the great work!

The fifth annual line-up of elite advisers on defined contribution plans, state by state

08/01/2019

We're pleased to welcome Stephanie Hill to our team at LoVasco! Stephanie is joining us as an Account Manager, working with our Employee Benefits Consulting team.

05/06/2019

Last week, our President, Gene LoVasco, was honored at The Pope Francis Center's All the Way Home Gala for his commitment to raising support and spreading awareness for The Pope Francis Center. We're proud to support an organization committed to providing vital services to Detroit's homeless population.

Learn more about The Pope Francis Center mission at: https://popefranciscenter.org/wp/

04/09/2019

Kids Work It Out has a mission to promote optimum health in mind, body and spirit through a comprehensive, yoga-based approach that reduces anxiety, prevents childhood obesity and increases self-esteem.

Since established in 2005, they have reached over has reached over 15,000 children in the Detroit area.

Through donation based yoga classes, we raised $650 during Q1, which sponsors 8 children to go through the 10 week program!

Learn more at: www.kidsworkitout.org

03/21/2019

The LoVasco team helped out at Gleaners Community Food Bank yesterday, sorting and packing food that will help fight hunger in Southeast Michigan.

We encourage you to learn more about Gleaners’ mission and opportunities to volunteer at: www.gcfb.org

12/05/2018

Thank you to Cinda Lark @ Evolve Yoga for the yoga class at our office yesterday! Namaste 😊

09/24/2018

We were honored to once again celebrate and acknowledge our fellow Metropolitan Detroit's Best and Brightest Companies to Work For® award winners last week.

08/23/2018

The LoVasco team spent the day volunteering at the Ronald McDonald House Charities Detroit. We were happy to help out the staff and families staying at the Ronald McDonald House.

Learn more about the Ronald McDonald House Charities' mission to create, find and support programs that directly improve the health and well-being of children and their families at www.rmhc.org.

08/09/2018

LoVasco is honored to once again be recognized as one of Metropolitan Detroit's Best and Brightest Companies to Work For®! Congratulations to our fellow winners and thank you to all of the people that make LoVasco an exceptional workplace.

06/28/2018

We're excited to welcome Alison (Ali) Britton as the newest member of our team! Ali is joining us as an Office Administrator, working with our Operations Team.

05/22/2018

We're excited to welcome Jim Chapman as the newest member of our team! Jim is joining us as an Investment Analyst, working with our Retirement Plan Consulting team.

05/07/2018

We spent an afternoon last week assembling craft kits from recycled materials for the organization Arts & Scraps. The craft kits we created are meant to help people of all ages and abilities think, create and learn.

04/30/2018

The Losier kids had a great day at the office for Take Your Child to Work Day!

04/19/2018

We're excited to welcome Michelle Olar as the newest member of our team! Michelle is joining us as a Senior Analyst, working with our Employee Benefits team.

04/13/2018

We had an excellent time on Tuesday discussing business continuity planning with experts from Stout, Bodman PLC, and Huron Capital. If you would like to stay up-to-date with LoVasco’s latest insights, events, and seminars, please sign-up for our mailing list: http://eepurl.com/drdVLT

04/05/2018

LoVasco is proud to be a presenting sponsor for the 2018 Racquet Up Double Down. If you haven't already, check out their website to learn more about how Racquet Up Detroit is supporting and empowering Detroit youth.

04/03/2018

The three areas of healthcare benefits employers should consider for their millennial workforce.

03/22/2018

What You Need To Know About Non-Qualified Deferred Compensation

Non-qualified deferred compensation is a heavily regulated plan. While the earnings aren't tax deferred, there are no contribution limits. These are used for C-

03/20/2018

"About five years ago, Tom Davis, MD, started suffering occasional vestibular migraines. Sometimes he felt unstable on his feet, but most concerning of all: He began losing his hearing."

About five years ago, Tom Davis, MD, started suffering occasional vestibular migraines. Sometimes he felt unstable on his feet, but most concerning of all: He began losing his hearing.  But

03/19/2018

LoVasco is proud to serve as the presenting sponsor of the 2018 Double Down for Racquet Up Detroit. The kickoff event last week at the Detroit Athletic Club was amazing. All graduating seniors are heading off to college in the fall! Raccquet Up Detroit is a truly life changing program.

Photo collection by Abby B Photography