Establishing a 401(k) Company Match Plan: A Practical Guide for Employers

Photo caption: A match program allows your employees to choose how much to contribute to their 401(k)s. That contribution is then matched (up to a certain limit) by the employer. Photo credit:  Getty Images / MoMo Productions. Article by Jessica Elliott. CO by US Chamber of Commerce – December 11, 2024.

Retirement plans consistently rank as a top employee benefit, second only to health insurance. When businesses offer matching 401(k) contributions, they may attract more job candidates and increase their employee retention rate. A 401(k) company match doesn’t need to be complex; contribution limits can keep it predictable and within your budget. […]

Click here to view original web page at www.uschamber.com