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

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

 

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