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How Retirement Plan Struggles Can Affect Small Businesses

by Matt SchoolcraftJanuary 31, 2017 8:00 AM

Americans work the majority of their lives with the hope of one day retiring and enjoying the fruits of their labor. Unfortunately, more and more people have to work well into their golden years without any end in sight. This is especially true for people that work for small businesses for the bulk of their career.

Image of an employee with no money. Learn about the importance of a 401k and retirment plan for small businesses.

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Benefits

What’s in a good 401(k) plan? These 7 Elements Can Help Attract and Retain Employees

by Tim AustinJanuary 24, 2014 8:54 AM

According to a Wells Fargo study, 37% of people expect to work until they die. That’s an alarming number, but one that you can use to your advantage.

Most people would rather spend their later years comfortably enjoying their retirement, so by offering a quality 401k plan, you give your business a step up in attracting and retaining quality employees.

Avoid Financial Confusion: Educate Your Group

Before we give you the key elements to a great 401k plan, it’s worth taking a moment to remind you that financial choices can be intimidating and confusing for many employees. One way you can help is by making an effort to ensure employees are educated about their choices. These resources will help make sure everyone is on the same page.

 

What Employees Look for in a 401(k) plan. Image 401K by 401(k) 2013 is licensed under CC by 2.0

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Benefits | Human Resources

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