---
title: Plan Sponsor Guide - 401(k) Matching Formulas that could Boost Participation without Breaking the Budget
description: 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!
---

[Employee Benefits Blog | Bjork Group ](https://www.bjorkgroup.com/blog)

# [Plan Sponsor Guide - 401(k) Matching Formulas that could Boost Participation without Breaking the Budget](https://www.bjorkgroup.com/blog/plan-sponsor-guide-401k-matching-formulas-that-could-boost-participation-without-breaking-the-budget)

 Written by [Bjork Group](https://www.bjorkgroup.com/blog/author/bjork-group) | Aug 17, 2020 1:00:00 PM

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.

[**Download the Plan Sponsor Guide >>**](https://www.bjorkgroup.com/hubfs/Plan%20Sponsor%20Guide%20-%20401(k)%20Matching%20Formulas.pdf)

 

 

**Sean C. Bjork, CIMA®, AIF®**

Vice President

Bjork Group

1033 Skokie Boulevard, Suite 210

Northbrook, IL. 60062

p.312.464.7082

seanbjork@bjorkgroup.com

[www.bjorkgroup.com](https://www.bjorkgroup.com)

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.

[View full post](https://www.bjorkgroup.com/blog/plan-sponsor-guide-401k-matching-formulas-that-could-boost-participation-without-breaking-the-budget)

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