If you want to attract quality talent, your business needs to offer the right retirement benefits. Sometimes, small companies think there isn’t much they can provide, but that’s incorrect. There are plenty of choices out there for you and your employees. Here are a few.
Pensions
When you think about retirement, defined benefit plans—also known as pensions—might come to mind. These are very popular in government jobs and used to be standard at big businesses. However, the percentage of private sector workers whose only retirement account is a defined benefit pension plan has fallen to just 4 percent, according to CNN Money. There are some advantages for small businesses that can offer a benefit like this—especially very small businesses with a highly-paid owner who is trying to maximize their own retirement benefits. It’s worth looking into.
To keep reading, click here: What Are the Right Retirement Benefits for Your Business?
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