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A properly structured company-sponsored 401(k) match is perhaps among the best answers to the question on how to best reward longevity in your company and reduce needless turnover we’ve all suffered from at one point or another.
While many contractors are struggling to attract and keep qualified employees, others are reporting great success by offering competitive pay and benefits packages, including plentiful retirement plans.
Certainly an employee can make the most basic mistake of not participating in the company 401(k) plan. Everyone sees that. Let’s look at some other issues that can create underperformance.
Your business is successful and the days of plowing back profits for growth are in the past. The building and equipment is either paid for or being amortized. The biggest concern now is taxes. What solution is there and how can the tax bite be minimized?
One of the biggest misconceptions in the 401(k) world is all plans are created equal. Nothing could be further from the truth. It is this misconception that is hurting plan sponsors and plan participants alike.
