401k Plans have grown in popularity for several reasons: the tax advantages they offer both employers and employees, their flexibility and low cost to employers, and their role in attracting and retaining employees.
Smart business owners know how important that last point is. A company whose staff is both “the best” and best-motivated is likely to be most successful. And with 401k Plans (and company-matching contributions) consistently ranking as key motivators, it’s essential that your company have a 401k Plan and optimize it.
Given the number and variety of factors that can affect the success of a company’s 401k Plan, it’s no wonder so many businesses turn to Liberty for advice and assistance. We’re here to help you make smart decisions on:
How soon and which employees may have accounts?
What formula makes sense for your company?
How soon should employees “own” matching contributions?
Should your company supplement its 401k with a Profit Sharing Plan?
Which one is best suited to your company’s needs?
