Reasons to Have 401(k) Retirement Plan Accounting

Reasons to Have
401(k) Plan for
Your Small
Business

There was a time when 401(k) plans were a luxury that only
big companies could afford to offer. But smaller
entrepreneurs—and their employees—
need to invest for the future, too.
The playing field has been leveled,
and retirement plans are now
accessible to businesses of all
sizes. Here are some reasons
why you should consider
offering a 401(k)

RETAIN THE BEST EMPLOYEES
If you’re looking to retain the best
employees, your benefits should be
inclusive and attractive. Offering a
401(k) plan to your employees
can give you the edge you need
to build a great team.

TAX SAVINGS
There are many tax incentives for business
owners who offer a 401(k) plan. If your
company offers to match what your
employee contributes to the 401(k)
plan, those matching contributions
are tax-deductible. You can make
your employees happy by helping
them save for retirement while
saving money on your next tax
return.

PLAN FOR YOUR OWN RETIREMENT
Owning a small business doesn’t mean you
have to forgo the benefits of a 401(k)
plan. You can also benefit from
providing a retirement option for
your employees.

NOT COMPLICATED
The ability to easily integrate your 401(k)
system is key. You’ll want to consider
this when choosing a provider, and
their plans should be flexibility.

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