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Think a retirement plan is just another checkbox?
Think again.
In this episode, Peter Raskin gives us a deep dive into retirement plan options that fit businesses of all sizes. From 401(k) plans with profit-sharing to traditional 401(k)s and SIMPLE IRAs, Peter explains how flexibility and customization are key to achieving both business and employee objectives.
Throughout the episode, Peter covers:
- The critical importance of aligning retirement plans with unique business objectives
- How the rise of automatic features like enrollment and escalation are powerful tools to enhance employee participation
- Why flexibility is key when tailoring your retirement plan options to suit the financial capabilities and objectives
- The pros and cons of each type of retirement plan, especially considering administrative costs and employee matching features
- And more!
Related: A 7-Step Checklist for Your Journey Into Retirement