Retirement Savings Plans
Retirement savings plans are among the most important and attractive additions to any employee benefits package.
While there are many types of retirement savings plans, most employers offer a defined contribution plan (commonly known as a 401(k) Plan). These plans give employees an opportunity to save money towards their future on a tax deferred basis and allow employers to provide matching or other forms of contributions in addition to the employee’s savings. This gives 401(k) a significant advantage over individual retirement savings plans, making the 401(k) one of the most attractive components of a complete employee benefits package. Most employee surveys indicate that having a retirement plan is extremely important in their selection of employers based on benefits, second only to health care. Equinox can assist you in selecting, implementing, and maintaining an attractive retirement savings plan for your employees. Contact us to find out more.