How 401(k) Helps with Employee Retention

Tyler James05 May, 2023Technology

Are you looking for qualified employees? Or do you want to ensure current employees stay happy? The centralizing importance of benefits and matching 401(k) investments are crucial. It is a top priority among job seekers and business owners alike. Now, your most valued asset can make or break your success. Business owners might feel intimidated by a 401(k)-matching plan. They think it will be too costly to implement. The truth is that offering this benefit can be very cost-effective in growing a business. Aside from the fact that employer contributions are tax-deductible, providing this type of program helps empower an organization?s workforce. Converting to 401(k) plans is just the first step. The current best practice investing strategies include creating a low-cost index fund investment portfolio. It provides diversification and steady, age-appropriate growth. In this read, we will share about employee retention through 401(k) strategies.