Financial overview
passionate about the topic and discuss it frequently; it encompasses universal topics such as managing expenses, reducing spending, eliminating debt, and creating savings. PricewaterhouseCoopers (PwC) revealed in its 2020 Employee Financial Wellness Survey that “financial or money matters/challenges” were far and away (at 54 percent) the most common cause of stress among full-time employed US adults. In a previous PwC study, 47 percent of employees said that financial stress either caused them to miss work or has negatively impacted their productivity. Today, employers are viewing financial wellness as part of a broad employee wellness initiative that has taken shape amidst the pandemic. Your financial wellness program, led by your advisor, should go beyond simply making the right choices amongst the fund lineup in the 401(k). For many plan participants, the biggest challenges come from expenses such as paying down credit card debt, saving for emergencies, college planning, and elder care for aging parents. The new year brings with it an opportunity to put a new set of eyes on your plan. We have been very successful in reducing overall plan
8 Utility & Transportation Contractor | february| 2021
expenses, creating significant savings for employees, and, most importantly, building trusted relationships with management and employees alike. Our firm works as an advisor and co-fiduciary to corporate 401(k) plans, specializing in the construction industry. We work with many UTCA member firms to enhance their 401(k) offering and build education programs designed to engage employees. We appreciate that each company is unique, and we take the time to understand how you operate before creating a customized plan that is suitable, low cost, high value, and ERISA compliant. Is it time to put your 401(k) plan out to bid this year?? If so, call me, Mike Meyers, at (732) 291-3338 for more information. Disclaimer: Mountain Hill Investment Partners is an SEC Registered Investment Adviser. We have a clearing and custody relationship with Fidelity Brokerage Services LLC, Member NYSE/SIPC.
