Q: Why do I want to offer employees a 401(k) plan? It seems like a lot of work and expense. What do I get out of it?
A: Great question! There are lots of reasons to start a 401(k) plan for your company. Here are the top 3 reasons:
1. Employer contributions are tax deductible. 2. Employer contributions, both profit sharing and matching contributions, are discretionary. You choose how much to contribute each year.
3. Offering a retirement plan option to employees helps attract and retain good employees.
Have more questions? Stay tuned. We are launching a 401(k) site just for employers soon. In the meantime, if you have questions, please call us at 206-386-5455 or send us an email. We’re happy to help!
