Employee Benefit News
The big mistakes employers make when setting up 401(k) plans
By Amy Ouellette
It’s in the best interest of employers to ensure their employees have a solid 401(k) and retirement plan. Companies who demonstrate an active interest in the financial wellness of their employees will be rewarded with more productive, less stressed workers, studies show.
With all of that being said, employers are still making some common mistakes when setting up their retirement plans. By addressing these issues employers can help ensure that their employees are making the most of their 401(k)s.