Today, with unemployment at an all-time low, employees can pick and choose where they want to work. To stay competitive, employers need to offer more than a paycheck. A 401(k) is a powerful attractor and retainer of employees. In fact, 40% of workers would leave their job for another that provided a 401(k) plan1.
Offering a 401(k) increases goodwill with your employees and attracts quality talent. By helping employees secure their retirement futures, employers increase employee loyalty, which is critical in today’s high-turnover marketplace. According to a 2017 report from the Spark 401(k) Small Business Retirement Planning Index, 94% of small business owners who offer a 401(k) plan say it drives recruitment and retention.
In addition to employee recruitment and retention, a 401(k) gives employers many tax-saving benefits and allows them to save for their personal retirement.
In this webinar, we’ll discuss why a 401(k) is a good idea for any size business, and the difference between traditional and Safe Harbor 401(k) plans. Topics will include:
- Why a 401(k)?
- 5 myths about 401(k) plans
- Benefits of a traditional 401 (k)
- Safe Harbor 401(k)—how is it different?
- Non-discrimination testing—what is it?
- Advantages of Safe Harbor plans
1Survey by Harris Interactive, sponsored by ShareBuilder 401(k), a subsidiary of ING Direct