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A retirementplan isn’t just for the benefit of your employees. A good retirementplan can spruce up your business and help you reel in those top-tier professionals. But if not chosen carefully, your retirementplan could be viewed as completely useless, becoming more of a burden than a benefit.
If only finding a retirementplan to offer your employees were as easy as retiring itself. Do they offer the type of plan you’re looking for? Do they offer the type of plan you’re looking for? . From Simplified Employee Pensionplans to 401(k)s to defined benefit plans, retirementplans come in many forms.
Even if a small business isn’t able to offer the same high salaries as its big business competitors, a small business can stay competitive by offering an attractive retirement package, says Chris Kunze, chief operating officer at Perspectives Ltd. A defined benefit plan is fully funded by the employer.
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