What’s a 401[k] plan?
A 401(k) plan is a company- sponsored retirement plan.
Typically, employees will have money taken from their paychecks and invested for their retirement. Employers can match the contributions that their employees are making each pay period. The amount of the matching contributions is a key difference between one place of employment and another. Match contributions is a way to better recruit future employees.
Perks of a 401[k] for you and your employees:
CONTRIBUTE TO YOUR 401K AND SAVE IN TAXES!
RETIRE WITH MORE MONEY BY STARTING EARLY.
START YOUR OWN BUSINESS WITH FUNDS FROM YOUR 401[K].
40% of your employees would work elsewhere for a 401[k].