kayle2299 kayle2299

27-12-2022
Business

Answered

A rapidly growing small business does not offer a retirement plan, but new candidates are frequently asking about a 401(k). The owner recognizes that they are missing out on talent because they do not offer this benefit. What should the business owner do?

-research 401k plans to see if it's financially feasible

-explain the benefits of working for a small business and that 401ks are more common in big organizations

-hold off on offering a 401k until the company employs at least 100 people

-offer equity since it's less of an immediate cost offer other less expensive benefits instead of a 401k

Answer :

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