As a business owner, once you decide to offer a retirement plan for your employees, you become a plan sponsor with fiduciary duties. It is vital to understand the responsibilities that come along with the establishment of a retirement plan and who you may share this responsibility with. Individuals that assume fiduciary duties carry the weight of the interests of all employees participating in the retirement plan.

Employees are the greatest asset that a company can have. Therefore, it’s important to provide valuable benefits that attract and retain talent. Retirement benefits are one of the most important benefits an employer can offer. Where do you start when choosing a retirement solution?

There are many types of benefit plans, including:

  • Payroll Deductions IRAs
  • Simplified Employee Pensions
  • SIMPLE IRA Plans
  • Profit Sharing Plans
  • 401(k) Plan
  • Safe Harbor 401(k) Plans
  • Automatic
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