Mary Beth’s Corner

Gain and Retain Employees: Add A Retirement Plan

General
September 26, 2022

How can you add value to your company through sponsoring a retirement plan?

Finding and retaining talent remains one of the top challenges for employers. A survey by Goldman Sachs consisting of 1,100 businesses revealed 90% are struggling to hire and engage qualified candidates.

A deciding factor for many new hires comes down to the wage offered coupled with the option of a benefits package. Providing company benefits through a sponsored retirement plan is a great way to stay competitive and retain staff.

Align Your Retirement Plan With Company Goals

The primary goal of sponsoring a retirement plan is to ensure employee satisfaction and create a meaningful savings plan in preparation for life post employment. In addition to financially preparing your employees, a retirement plan will benefit the plan sponsor when designed to do so. Utilize your sponsored retirement plan to incorporate individual company initiatives and business owner’s goals.

Goals pertaining to a business owner may resemble business tax credits and tax deductions resulting in lower tax liabilities. At My Benefits, we take pride in designing customized retirement plans that are tailored to reach those goals – forget cookie cutter.

Implement A Customized Retirement Plan Approach

Whether you’re a for profit, non-profit, government agency, have plan compliance or operational challenges, have more than 100 employees or looking for a way to maximize contribution opportunities, we’ve got a proactive plan approach for you.

We’re here to take the stress out of sponsoring a retirement plan with our industry expertise and accurate solutions presented to each of our clients.

Leverage Our Expertise

Retain talented staff, maintain a strong and supportive company culture and enhance your company’s reputation through the retirement plan you sponsor.

Each plan crafted by My Benefits is outlined to fit the unique wants and needs of your business. Let us design and administer a new or existing plan of yours so you can focus on the things that matter to you – your business.