Levine News

  • Hiring A Payroll Company to Run Your 401k? Read this First!

    February 1st, 2017 by

    Our success story this month comes from a new client we took over from a payroll company.  It’s amazing how they were sold a “bill of goods” only to find out it was not the case.  The salesperson did a great job selling, but the service was horrible and the salesperson was gone!  We are a family owned business that’s been here since 1962!

    The following link, PayrollCompanyandYour401k, takes you to a great article titled “Why You Shouldn’t Hire Your Payroll Company To Run Your 401(k) Plan”.  The best line in the article – “Having your 401k plan administered by a payroll provider is like having a proctologist exam performed by a pediatrician”.

    We will waive the $2,500 benchmarking fee… are your fees reasonable?

    *Article written by The Rosenbaum Law Firm P.C. out of Garden City, NY

  • 401(k) Payroll Contribution Success

    October 4th, 2016 by

    payroll-clipart-payrollFall has finally arrived as we round out the third quarter of 2016! We would like to share a quick success story regarding a local company that has recently become a new client of ours. After a recent change in ownership, the new CEO found that employee 401k contributions had been deducted from paychecks but not deposited into the plan for several months. A problem the CEO knew needed to be fixed ASAP! We were able to come in as their advisor and coordinate the correction process, making it as seamless as possible and assuring full compliance. Their current advisor was unable to help them!! 

     Let us help your company with your 401k questions and needs!


  • 529 Plan Success

    July 20th, 2016 by

    This month we would like to share a quick story with you regarding a local manufacturing company that we helped uncover a key piece missing from their benefits package: an employer-sponsored 529 plan! College is one of the most costly purchases a family may ever make. Offering a way for employees to save for their children’s education and their own retirement is important when providing a competitive benefits package. The concern for the cost of higher education has driven our firm to educate on and implement 529 plans with this client as well as other plan sponsors. A few major benefits of the employer-sponsored 529 plans are: no upfront sales charge, no employer liability, and no extra responsibility for the payroll & benefits department.

     Let us help your company add this simple option to your benefits package!

    Similar results are not guaranteed and will be based on individual client situations.

  • Congrats To Jill Hayden – CPFA Certified!

    July 20th, 2016 by

    CPFACONGRATULATIONS to our Retirement Account Executive, Jill Hayden, who has just earned her CPFA (Certified Plan Fiduciary Advisor) certification! This credential is an exciting addition to her other accomplishments and we are proud to have her on our team. Jill’s ever increasing 401(k) knowledge enables her to give our plan sponsors top notch guidance and service! 


  • 401(k) HCE Success

    March 17th, 2016 by

    One of our most recent success stories we would love to share comes from a fast-growing, local healthcare technology company.  We were asked to consult with the group regarding their 401k, as they had not been working with an advisor.  After review of the plan provisions, we uncovered that the plan’s definition of a highly compensated employee (HCE) was resulting in unnecessary refunds.  We were able to correct this issue with a simple amendment to the plan document and help those employees save more for their retirement future!

     What a huge impact a knowledgeable advisor can have on your 401k!

    Similar results are not guaranteed and will be based on individual client situations.



  • 401(k) Education Success

    December 21st, 2015 by

    This success story comes from a recent visit with a local medical distribution company that is one of our clients. After their most recent employee education meeting, we handed out “action cards” to each individual. On that action card, we gave the participant the option of increasing his/her contribution rate to either take full advantage of the employer’s match or to do 1% more.  95% of the participants elected to increase their deferral rate! 

    What a huge impact a results-based education program can do for your employees and their retirement future!

    Let us help you educate and engage your employees in their retirement future!

    Similar results are not guaranteed and will be based on individual client situations.

  • Mike Levine awarded coveted AIF® Designation!

    November 12th, 2013 by


    Mike was recently awarded the AIF®, Accredited Investment Fiduciary designation, allowing him to bring more expertise and skills to his retirement plan clients.  The AIF® designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care.  This designation in one of many Mike has earned to help Levine Group achieve its client’s goals.

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