Why should I Install A Company Sponsored Retirement Plan For My Employees?

Today's typical employees are brighter and more financially perceptive than ever. Today's employers have learned that if they are to remain competitive in the attraction and retention of top-notch quality employees, they must provide a company sponsored, cost-effective and competitive employee retirement plan benefit. Employers no longer have the option of choosing whether or not to provide a retirement plan for their employees. The fact is that too many respected surveys have proven that employees rank retirement plans among their highest benefit priorities.

The good news is that since employer contributions to a company sponsored retirement plan are a tax-deductible expense, employers experience an immediate tax break as a result of this employee benefit. Employees understand that just as their employer uses a company sponsored retirement plan to attract and keep good people, an employee can use such a benefit to take advantage of sound tax-deferred investment earnings to accelerate the growth of their retirement savings.

What Are My Options In Choosing The Right Plan For My Company's Employees?

Today's retirement plans provide significant flexibility and control to employers. Employers may decide how to fund their plan, as well as which employees are eligible to participate in their plan. Employers can control when their employees are vested in the plan and what types of investment vehicles are to be available to their employees. Employers are also able to decide the degree of control employees have over investments and how employer contributions are allocated.

Because different types of retirement plans provide different opportunities for both employer and employee, the following is a brief listing of some of the plans available to you: