Owning your own business can be extremely rewarding, but it does require a lot of work. As your business grows, your responsibilities also grow, and that includes responsibilities that may be outside of your area of expertise. Focus Financial is here to support employers and business owners by clarifying and assisting with some of the financial management aspects of business ownership.
A 401(k) is a common, but often intimidating, financial perk offered by many employers. With the right approach, however, it can provide excellent benefits to you and your employees. Some of the many advantages to offering retirement plan services include:
Stronger Recruiting.
Position yourself to attract top talent by offering retirement plan services and other perks that valuable employees look for in a company.
Increased Retention.
As with recruiting, retention numbers benefit from offering a 401(k). You become a more competitive employer and build team loyalty.
Tax Benefits.
When you initially offer a 410(k), you may qualify for tax credits that last a few years. Long-term, the administrative fees for your plan are also a typical tax deduction.
Options, Options, Options.
With so many choices, any business is able to offer a 401(k). Our independent financial planners can work with you to find a provider that fits your company for factors like size, matching, profit shares, vesting options, and much more. And, 401(k) setup and ongoing costs are typically less than expected by many small business owners.
Personal Retirement Financial Planning.
As a business owner, you can’t forget your own retirement. Cut down on risk and start saving for your future with retirement planning advice from our independent financial advisors.
Learn how to set up 401(k) options that help your employees and your company by working with our retirement plan consultants. Connect with our financial planning firm to find a financial advisor and learn more about the services we offer that cater to business owners and employers.
