In today’s employment environment, it is more important than ever for employers to provide incentives to retain employees. One such benefit can be found in retirement plan offerings. There are several types of retirement plan options available to small businesses. While the same plan is not necessarily perfect for every company – the size and ownership structure of the company can help inform business owners’ decision as to which plan to offer.
Some of the factors to consider when choosing a plan are affordability, the demographics of your employees, contribution limits and administrative requirements. I am equipped to assist businesses to make informed decisions and set retirement goals. Below is a chart explaining some of the basic details of business retirement plans
If you are a business owner and would like guidance on which plan would suit you and your employees best, please schedule an appointment today.