While many employers recognize the apparent costs and benefits that impact their bottom line, some of the other impacts aren’t as easy to measure.
There’s a new trend among employees called “super saving.” Super savers put at least 20% of their salary into a retirement or other investment account. While super savers come in all ages and income levels, the trend is especially popular
401(k)s have traditionally come with high costs, significant time requirements, and compliance concerns. But fintech platforms are transforming the way businesses approach retirement benefits.
By offering your 401(k) services to small businesses, you can add more value to your small business owner clients while creating additional relationships and planning opportunities with employee participants.
Sometimes called “profit-sharing plans,” non-elective 401(k)s can be a powerful tool for small businesses to retain good employees, reduce taxes, and help business owners prepare for their own retirement.
Employers can outsource many of their fiduciary duties, allowing them to utilize a provider like 401GO to cover many aspects of their 401(k).