Boosting Employee Benefits with Safe Harbor Matches
Key Takeaways Creating a competitive employee benefits package is an essential strategy for any business aiming to attract and retain skilled professionals. Among the various options available, the Safe Harbor Match is a particularly compelling feature, especially within 401(k) retirement plans. Understanding what is Safe Harbor matching involves analyzing its dual impact: ensuring regulatory compliance and maximizing employee satisfaction. Employers who prioritize these matches can simplify their compliance with federal non-discrimination mandates while offering significant benefits that make saving for retirement more appealing for employees. Implementing Safe Harbor Matches can enhance a company’s retirement benefits and maintain a competitive edge. … Read more