401(k) Matching Formulas that could Boost Participation without Breaking the Budget

Offering a retirement plan shows your employees that you are committed to helping them save for their future. A matching formula is a great way to give a little bit more to your employees and increase contributions!
There are many matching formulas that can boost contributions and won’t break your bank or budget. Here are three to consider:
Safe Harbor
Graded Vesting
Cliff Vesting
In this guide, you will gain insights about these three formulas, their advantages and eligibility requirements.
3 Cost Effective Ways to Expand 401(k) Participation
PWMG 401(k) Advisors
11 Foster Street, Suite 200
Worcester, MA 01608
OFFICE: (877) 712-2263
FAX: (508) 519-0285
WEB: www.pwmg401k.com
EMAIL: info@pwmgllc.com
Securities and advisory services offered through LPL Financial a registered investment advisor, Member FINRA/SIPC.