3 Problems That Make Your Small Business 401(k) Plan Too Expensive (and How to Fix Them)
If you’re struggling with the high cost of offering a client or employee retirement plan, you may not want to give up just yet. Understanding some of the factors that drive the expense of retirement savings plans can help identify an affordable 401(k) program for your business.
Any Size Business Can Offer A 401(k) Solution
Smaller organizations offering retirement plans to staff can use these services as a major differentiator when sourcing top-tier talent.
Why a Safe Harbor 401(k) Plan?
When it comes to selecting a 401(k) plan, you may not know where to start. You may be confused by the options, and do not know what questions to ask.
The Free 401(k) Plan
A 401(k) generally has a stigma of being too expensive and too time-consuming for small businesses in particular. The reality is that it can be simplified and it can be affordable.
What to Expect When You’re Expecting a 401(k) Plan
The bigger question is what commitment is having a 401(k) plan going to be on you? Will you be able to pay for the benefit?
Why I Waited to Offer a 401(K)
I could find good employees while offering average benefits, but it was better to offer above average benefits to get above average results. This leads me to one of the top benefits, the 401(k).
The Origin of the 401(k) Plan
The Origin of the 401(k) Plan? Where did the idea for a 401(k) plan originate? Why is it called a “401(k) plan” in the first place?