If you're a small business owner, here are five key reasons you should consider offering a retirement savings plan: 1) to accumulate wealth, 2) attract new hires (and retain employees), 3) claim tax benefits, 4) put those savings back into your business, and 5) in some states, it's now the law. When offered as part of a total benefits package, retirement plans that can help employees prepare for their future, can also improve your business hiring and employee retention in today's tight labor market. Right now, the government is offering incentives to encourage smaller employers incentives to add a basic retirement plan option. With 401(k) plans in particular, there are many routes you can go when setting up and servicing a plan. Integration with payroll makes servicing and compliance easier than ever. Provisions in the SECURE Act also provide the most significant retirement savings reform legislation in 15 years, offering benefits such as a larger tax credit f...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)