Attracting and Retaining Superstar Talent to Your Business

The difference between a superstar employee and one that’s skating by is like the difference between having Lebron James and a child on your team. Who’d you put your money on?

Of course every business owner wants to attract the best talent, and that, by nature, means not every employer will win the superstars.

Here’s what you need to attract superstar talent to your business and hold onto them.


Superstars want to be appreciated for their work. It can come in the form of compensation, praise, benefits, or something else, but what’s important is a culture that acknowledges and rewards high achievement.

Structures and strategies that demonstrate your commitment to the team and that reward high achievers inspire others in the team to do better. This can create a positive feedback loop that boosts your bottom line and your employee satisfaction.

Use the Right Tools

One tool that can foster this kind of enthusiasm is your company’s retirement plan.

A properly designed plan benefits you and your employees and lets them know that you value their work and that you have their best interests at heart.

The best part is that a well-designed plan can also save your company money by helping you cut your total payroll costs.

In 2023, a 401k allows tax-deferred and after-tax employee contributions of up to $22,500 per year, and up to $30,000 per year for those over 50 years old. With cash balance plans, contribution limits are now $265,000 per year or higher depending on age.

Create a plan like this correctly and you can save on payroll taxes, or even receive tax credits or deductions for the plan.

You’ll also attract superstars to your business when they see a profitable company with a culture that rewards success and the benefits to prove it.

Create a culture that fosters loyalty and rewards high achievement, and saves money doing it.


At Confidence Wealth Management, we work with employers, trustees and human resources on properly designing employer-sponsored plans that can benefit you as much as it can also benefit your employees.

If you’re an employer who is considering offering a retirement plan, or if you already have a plan but would like to review and potentially improve it, we can help.

We specialize in designing custom-made plans and implementing retirement plan services that move you toward your goals and the best results for the company, the plan, and the participants while also helping you avoid the most common mistakes that may trigger an audit.

We create winning strategies and solutions for our clients. Click below to set up a consultation or contact us for more information.

Confidence Wealth Management team





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Confidence Wealth Management LLC (CWM) is an SEC registered investment adviser. Confidence Wealth & Insurance Solutions LLC (CWIS) is licensed under the NV Department of Insurance, license no. 3647322. CWM and CWIS are two separate affiliated companies. All investment advisory services are provided by CWM and all insurance products and services are provided by CWIS. CWIS does not provide any investment advisory services and CWM does not provide insurance services. CWM and CWIS have no affiliation with government, state, or local agencies. Consult with an attorney or CPA for usage of tax or legal concepts. This material may contain information that are close approximation to the totality of information available to us and not necessarily specific within regards to one situation or another. Some opinions and statements are informational. They are not investment advice as they may not be complete in terms of all details needed to affect an action you wish to undertake, investment strategy or plan. Pursuant to IRS Circular 230, the material is not intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. No estimates used are a promise of return. Also, many opinions are summaries and may not reflect all pertinent facts relevant to you. Any information given is to be considered general, and nothing said herein should be used as a basis for investment decision unless you consult with your Confidence Wealth advisor that can understand your unique situation and give you a customized solution with a complete disclosure. Past performance does not indicate future results. As you know, no one can predict the future. Thus, any forecast in this material is intended strictly as a possible future outlook and not a statement of fact as there could be any scenarios that are not in your favor when making a decision. You must examine all adverse and negative implications on any forecast when made. All information is based on the date of the material and may not be valid, may change, and/or may not be true any longer as time passes. Also, the Form ADV Part 2A for CWM contains detailed disclosures regarding our services and fees, along with applicable conflicts and how we address such conflicts. A copy of our Form ADV can be obtained by calling (310) 824-1000.

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