Should you offer a 401k Plan to your Employees?

A strong retirement benefit is a powerful tool for attracting and keeping capable and committed employees. The costs associated with administering such a benefit and the matching contributions to your employees' accounts could turn into an expensive way to keep your people happy. The government helps defray a significant portion of these expenses and all participants, company owners included, defer taxes on the wages they direct into a defined contribution plan. It's a good idea to be sure that any retirement plan you set up makes the most of your investment.