Go dutch with your 401(k)
Photo by Mirsasha
Employee benefits are a great retention tool. Balancing the needs of both the employer and the employee is key to impacting the best outcome for both.John Wasiejko from The Online 401(k), a provider of 401(k)s for small businesses has agreed to provide today’s post to support the efforts of nonprofits.
“Splitting the tab isn’t just for the restaurant bill anymore. If you want to do the right thing and provide a 401(k) plan for your employees, you shouldn’t be held back by cost.
One of the things you can do to cut down on the costs of a 401(k) plan is to split the cost with your employees.
You cut down on the cost of the plan substantially and your employees could end up paying as little as $4-$5 per pay period, depending on the size of your company and the plan you select.
Why is cost-splitting a good idea?
• It’s perfectly legal and a common practice with small businesses
• It’s easy to implement with a simple payroll deduction
• Employees are used to paying a portion of their health plan and other benefits
Employees ranked a 401(k) plan as one of the most important benefits, second only to health care, according to a recent survey by Watson Wyatt. Don’t let hard dollar costs hold you and your employees back from your dream retirement!”
For more information or a free consultation on your 401(k) plan, contact John Wasiejko at jwasiejko@theonline401k.com or call him at 415.477.8800 ext 828.
