401(k) Advisors Do Well By Doing Good

401(k)s and physical fitness are a perfect match.

401(k)s and physical fitness are a perfect match.

We don’t normally cover regional events, but this one was too good to pass up.

For years Jason Chepenik, managing partner of Chepenik Financial, has known that there is a correlation between financial health and physical health. Money and finances are one of the top causes of stress, which ultimately affects ones wellness, not to mention adding to absenteeism, increased insurance costs and more. 

In response, Chepenik created a run called the 4.01K Race for Financial Fitness, to be held on April 1st (4/1), starting at 4:01 with a length of 4.01 kilometers.   

“We really wanted to get behind this idea of gathering around 4/01 as an industry – celebrating 4/01, advocating for financial literacy and for health and wellness, which is something the industry has been rallying behind for a while now,” Chepenik said in a statement.

Now in its second year, the 4.01K race has grown throughout the state of Florida and to Minnesota, raising money for the local offices of Junior Achievement, a non-profit organization that provides financial literacy education to students in grades K-12. 

“The root cause of the American financial crisis is financial illiteracy, and it starts young,” Chepenik added. “Kids get credit cards before high school, come out of college with debt and they don’t know how to make good decisions. We never teach about saving for the future. So, our goal is to fund these Junior Achievement programs and help kids from a very early age learn how to save and plan and make good financial decisions.” 

To-date the 4.01K Race for Financial Fitness has tripled the amount raised last year, with more than $120,000 in sponsorships, donations and race sign-ups, and still a month to go. 

“We’re very excited that local Minnesota investment firm Channel Financial has taken over the race in Minneapolis,” said Chepenik.  “Our plan is to be in 10 states next year and continue to grow nationally.”

For those in Cental of South Florida, as well as the Minneapolis, Minnesota area, more information can be found at www.401krace.com.

 What: 4.01K Race for Financial Fitness, a road-race to raise awareness for health and financial fitness and funds for the local Junior Achievement chapters.  In addition to the race, there will be live music, food, drinks and more.

Where

·         Central Florida: Baldwin Park

·         Daytona: 1000 Champions Dr.

·         Kissimmee: 1800 Denn John Lane

·         South Florida: Dreher Park, West Palm Beach

·         Minnesota: SE 3rd Ave and Main St SE, Minneapolis

WhenApril 1st, 2016

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