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.
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.
Comments