A 401(k) plan is a company-sponsored retirement account that can provide eligible employees with a functional retirement savings tool. Depending on your eligibility, there may be several types of 401(k) plans you could offer, such as a traditional 401(k) plan, safe harbor 401(k) plan, SIMPLE 401(k) plan, or Roth 401(k) plan.

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Employee benefit plans can be a win-win for employers and employees. With the right 401(k) plan, employers can attract and retain top talent and incentivize employee performance.

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