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employees gathered at table talking (Photo: oneinchpunch/Adobe Stock)

Culture is one of the core components of what differentiates a workplace from others in its industry. Company culture can really make or break a business. A great way to develop your company’s culture is not just by getting a ping pong table for the office or weekly happy hours, it is to show you really care about employees by taking care of them with employee benefits — whether that be PTO, paid holidays, health insurance, retirement plans or more.

The problem with workplace culture relying on employer benefits is that some companies are not large enough to benefit from group plans or they simply do not have enough hands on deck to manage these costly benefits. As a result of the shortage of benefits that work for smaller companies, over 85% of small businesses don’t offer a 401(k) because the retirement plan is too costly to set up and manage, requires a lot of time and is one of the more daunting benefits for a company to offer. However, offering a 401(k) savings retirement plan is a great way to tell employees we not only care about you now, but we also care about you and your future.

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