PEO retirement plan to attract and keep top talent
Employers looking to offer 401k benefits to their employees have a big decision to make. But when employers partner with a PEO, the decision is so easy, and another great reason to utilize a PEO.
If an employer tries to enroll in a 401k plan for their employees privately, they will not be able to get the quality plans they would if they participated with a PEO. Additionally, the costs to participate are much higher.
The biggest benefit of participating and contributing to a 401k program with a PEO is that employers can save money on retirement costs for their employees. A PEO can combine its employees with the employees of other companies and leverage the large pool of people to reduce plan costs. Therefore, the more people who participate in the 401k plan, the less your company will pay in costs and fees.
You don’t need to become an expert on retirement service providers, compliance issues, or investments to offer the right plan to your employees.
When you join the PrestigePEO retirement savings plan, you’ll give your employees a much wider variety of investment options, while tailoring a plan that suits your company’s unique needs.
PrestigePEO works as a co-fiduciary for the retirement plan.
We’re here to provide any additional support to get your employees on their way to financial wellness and a solid life savings. As your partner, we help you stay on track to enroll new employees as they become eligible. We don’t just offer the plan – we enlist the expertise of our investment partners to make sure you and your employees understand how to maximize your contributions and investments using our PEO 401(k) plans and other investment options.
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