
From retirement benchmarking studies to outsourced retirement plan fiduciary responsibility, there are significant resources available to ensure your 401(k) plan is ...
In today’s tight labor market, U.S. manufacturing companies are looking for any competitive edge they can find to attract and retain top talent. Top salaries and hourly rates, of course, will remain center-stage but having a robust total benefits package to accompany the “base earnings” package, could give your business the needed edge to entice quality workers.
However, with so much to keep track of to ensure your business is running smoothly, keeping tabs on your 401(k) plan may fall way down (or off) the to-do list entirely. All is not lost! From retirement benchmarking studies to outsourced retirement plan fiduciary responsibility, there are significant resources available to ensure your plan is competitive with your industry peers and other similar sized plans . Utilizing these tools can give you confidence that your company’s retirement plan is both highly attractive to employees, and maintains compliance in an increasingly complex environment.
If you would like to explore these and other options to enhance your 401(k) plan, visit CLAconnect.com to see how our retirement plan team helps clients reduce taxes and increase employee satisfaction.
Thank you to Michael Pohl and Colman Collins, who contributed to this post.
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