As a business owner, you know that offering a retirement plan is a key factor in attracting and retaining quality people. In fact, in today’s business environment, it’s a must if you want to stay competitive.
It’s also a must if you have just a few, or even no employees besides yourself and perhaps a spouse. That’s because small business owners need retirement savings as well, and a company retirement plan is one of the best ways to accomplish this. Retirement plans also can have significant tax advantages, so even if your retirement savings are handled elsewhere, a company retirement plan still makes sense.
But what type of retirement plan should your company offer?