As the Millennial generation turns 40, there are encouraging signs that many of this generation’s 72 million members are embracing long-term investing with a sharp eye toward retirement, according to Shelton Retirement Plan Services.
Plan sponsors should be reviewing all aspects of their company’s 401(k) on a regular basis including these three reasons. Your plan’s advisor or consultant should be playing an integral role in this review process. Upgrading your plan every so often can be a good thing for your company and for your participants.
Changing 401(k) plan providers can be a complex process. Plan sponsors should treat this transition with the same care and planning that they would devote to any change in their business.
4 Reasons Employers Match a 401(k).
A 401(k) can provide a significant tax benefit for your employees and for you as the plan sponsor.
