Offering retirement plans can be a great way to attract and retain top talent. Whether you contribute to a plan or simply make it available, this is a popular benefit that can help to improve morale and retention. To do that, you first need to pick an appropriate retirement plan for your company.
After assessing your company’s needs, the financial advisors at Modern Family Asset Management can walk you through your options, so you can pick the right plans for your workforce.
Popular small business retirement accounts include:
- SEP IRA
- Simple IRA
- Solo 401(k)