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What can a Safe Harbor 401(k) Plan do for your business?

Employee Benefits
Webinar
07/31/2019

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

 

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.