Offering a retirement plan can lead to an annual cost savings of more than $100,000 in reduced employee turnover costs alone for SMBs – a 2x return on the initial costs of offering a 401(k), says a new study.
More than half of large employers either currently position health savings accounts as part of a retirement savings strategy to employees or plan to do so in the future.
Companies might prioritize flexible retirement plans that can make it simple for employees to save for their future or offer auto-enrollment to help new employees save for the long-term.
Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!
- Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
- Exclusive discounts on BenefitsPRO.com and ALM events.
Copyright © 2022 ALM Global, LLC. All Rights Reserved.