How to Increase the Appeal of Your Corporate Retirement Plan

1. How to Increase the Appeal of Your Corporate Retirement Plan The 401(k) is the most popular type of corporate retirement plan. There are multiple benefits to taking advantage of a 401(k) including: Employees contribute part of the money into the fund It reduces your tax obligation Earnings without your taking an active role in depositing money or deciding on investments It is the third of these that leaves some couples without the amount of money they expected to have in savings when their retirement day rolls around. Either your employer or you may determine how much money is deposited into your retirement account, but it may not be the right amount to meet your goals. Employees usually have the option to contribute up to 15% of their salary into their account but the majority only contribute between 5 and 7 percent of their pre-tax income. Richard Brothers explains that “We work with companies to design an appealing benefits package that will help increase participation in 401(k) corporate retirement plan. Read More at http://www.amhmagazine.com/2017/01/how-to-increase-appeal-of-your.html