The United States has reached a retirement crisis. Nearly a quarter of working adults have no retirement savings, and the problem is only expected to get worse as younger generations reach retirement age. In an effort to boost retirement savings, many states have drafted legislation to require employers above a certain size to offer a retirement savings plan. By auto-enrolling employees in 401(k)s/IRAs, these states are hoping to assuage the retirement crisis.
This means that employers who do not yet offer retirement savings plans to their employees should consider implementing one to get ahead of impending state mandates. Further, a retirement savings program may attract even better talent to your company. Your top candidates want to prepare for the future, and if you aren’t offering a retirement plan, they may pass over your offer. Join us for an informative webinar where we will discuss the importance of offering a retirement plan and how you can accomplish it.
