Did you know more than 40 percent of permanent employees lack access to an employer-sponsored retirement plan? Sadly, this has led to many retirees experiencing a tremendous decline in their living standards in their retirement. As such, not only is it vital to plan for your own retirement as an entrepreneur but also to help your employees to plan for their future.
There are lots of compelling reasons why you should start a retirement benefit plan for your employees including an increased chance of retaining and attracting qualified employees. Also, some retirement plans offer tax advantages for your business as well as for the employees.