Is your retirement plan keeping up with the times? A recent survey of retirement plan sponsors pointed out trends in the way employers are changing 401(k) and other plans to help employees prepare for retirement.
For example, companies are matching employee contributions dollar-for-dollar, automatically enrolling both new and current employees in the company plan, and increasing the amount of the contribution automatically deposited from the employees' salary. In addition, more employers are adding Roth 401(k) features to plans and making fees more easily understood. While these sound like small changes, the results add up over an employee's working life.
Give us a call if you're interested in learning how to improve the retirement plan options you offer to your employees.