Why Your Startup Needs a 401(k) Plan Today

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As a founder, you’re constantly juggling different responsibilities, from securing funding to building a strong team. You might wonder whether offering benefits such as a 401(k) plan is worth the effort and expense. 

Is Offering a 401(k) Mandatory?

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Many small-business owners have had high anxiety over 401(k) plans since 2017 when Oregon became the first state to mandate offering retirement accounts to employees. Small-business owners are worried they may be in violation of state laws about mandated retirement accounts, and that’s why it’s good — but not easy — to keep abreast of changes and how they affect you.

Is It Time for Your Small Business to Offer a 401(k)?

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You have a lot to consider when you’re thinking about starting a 401(k) at your small business. It’s a big step to take, and you want to make sure you’re ready. We have (predictably), put together a short list of things we think you should consider before sponsoring a 401(k) plan at your company, but we have also put together a list of things we think you should not consider. 

How to Retain the Best Employees

As a small-business owner, you may think you know a thing or two about how to retain good employees. Let’s discuss what’s really important to today’s employees.