If you’re an employer, then you probably already know that
you can choose to offer a 401(k) match to your employees. And, while you may
think that this decision only helps them, ultimately, it ends up helping you
too!
Before we get into how matching 401(k) benefits can help you
as an employer, though, let’s take a look at how it can help your employees.
First of all, many of them are undoubtedly worried about retirement and having
enough saved by the time they reach retirement age. They may very well have reason
to worry too since, right now, studies show that the median retirement savings
are far below what they should be. Thus, by choosing to match their 401(k)
contributions, you can help to alleviate a large chunk of their worry.
So, how does all of this help you? Well, to start off with,
the very best employees, who know they can get the very best in terms of
benefits, probably aren’t going to be as willing to settle for an employer that
doesn’t offer 401(k) matching, plain and simple, so by offering this nice
“bonus,” you help to attract top-level employees to your business, which can
only help it in the long run.
Furthermore, happy, well-taken care of employees tend to be
more loyal, better-working employees, which also helps your business.
These aren’t the only benefits that you, as an employer,
enjoy either. You can also, in most cases, take a nice tax deduction for the
contributions you make to employees’ plans, and, by offering simple automatic
enrollment, you can make the whole process easier for everyone involved.
If you’d like to help your employees and yourself, then
learn more about offering 401(k) matching today; your employees will thank you,
and you’ll be glad you made this all-around beneficial decision.
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