Offering a retirement plan shows your employees that you are committed to helping them save for their future. A matching formula is a great way to give a little bit more to your employees and increase contributions!
There are many matching formulas that can boost contributions and won’t break your bank or budget. Here are three to consider:
- Safe Harbor
- Graded Vesting
- Cliff Vesting
In this guide, you will gain insights about these three formulas, their advantages and eligibility requirements.
Sean C. Bjork, CIMA®, AIF®
1033 Skokie Boulevard, Suite 210
Northbrook, IL. 60062
Employee benefit consulting offered through The Bjork Group, Inc. Securities and Retirement Plan Consulting Program advisory services provided by Bjork Asset Management, Inc. offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Independent Financial Partners (IFP), a registered investment advisor. IFP, Bjork Asset Management, Inc. and The Bjork Group, Inc. are separate entities from LPL Financial.