Why Small Businesses Need Retirement Plans
With small businesses making up the majority of the workforce, it’s no mystery why they need to sponsor retirement plans. Employees look to companies that offer retirement benefits, just after health care coverage and salary. This complete compensation package can be the difference between a qualified candidate choosing your company over your competitor’s in the job selection process.
Most small companies are weary of sponsoring a retirement plan because of the costs associated with operating the plan. This is actually a common misconception because tax deductions for sponsoring a qualified retirement plan often outweigh the costs. Tweet This
We created this Infographic to give our readers a quick briefing on Why Small Businesses Need Retirement Plans.