Small business retirement plans inevitably have some costs and fees involved. Understanding your retirement plan expenses will make you a better consumer as the owner of a company and find ways to reduce your retirement plan costs and provide better options to your employees.
Creating an automatic enrollment 401k plan for your employees will increase participation and help them save money for retirement. This small business guide teaches you how to setup a small business automatic enrollment 401k plan.
Small businesses have several retirement plan options available to provide an additional benefit to employees. One of the options builds on the familiar IRA retirement option, but provides a simple to administer option for you as a small business owner.