US. 5 questions employers need to ask about retirement plans
In a tight labor market, offering an employer-sponsored retirement plan can give companies the advantage they need to attract and retain quality employees. Workplace savings plans can also positively impact a company’s bottom line. They provide business owners with a valuable tax deduction, while offering both employers and employees a tax-advantaged savings vehicle to help fund retirement.
Allan Westcott, senior vice president and director of institutional services at United Wealth Management, a division of United Bank, offers the following answers on what you need to know about employer-sponsored retirement plans.
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