An attractive retirement plan can help you hire and retain good employees, since it`s one of the most important benefits a business offers.
The plan you choose can reward everyone involved with your business. As the owner, you have the advantage of making tax-deductible contributions for you and your employees. You all benefit from contributions and earnings that grow tax-deferred until withdrawn. But with the ever-growing number of plans from which to choose, how do you select the right one for your business?
Defined contribution plans
These plans let you determine the contribution amount based on a percentage of salary, a share of the profits or a flat amount. Some of the most popular defined contribution plans are: