As a business owner or manager, you want to attract and retain high-quality employees. By offering retirement plans such as 401k or Individual Retirement Account (IRA), you can motivate potential and existing staffers by helping them prepare for life after the workforce.
Employee retirement plans allow participants to put pre-tax earnings into an investment account. This lowers their current taxable income, helps them save money for the future, and lets them defer paying taxes on that income until they start making withdrawals.
The good news is that today's retirement plan options are cost-effective and require little to no administration, unlike earlier plans.
An employee retirement plan professional can develop the right plan for your company and your budget. This BuyerZone Employee Retirement Plans Buyer's Guide will:
- Explain the various retirement plans available
- Detail how to avoid costly discriminating testing
- Describe which providers you can work with
- Examine what you should look for in a provider
- Determine the costs involved in setting up and maintaining a plan.
After learning what type of retirement plan to offer your employees, we can provide you with free custom quotes from multiple employee retirement plan providers in your area.
If you want to grab quick details for each of the main employee retirement plans, check out BuyerZone's Employee Retirement Plans Highlights chart.