Click here to learn more about our financial professionals by visiting FINRA's BrokerCheck.

401(k) Matching Formulas that could Boost Participation without Breaking the Budget

401(k) Matching Formulas that could Boost Participation without Breaking the Budget

| July 14, 2020

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.

>>3 Cost Effective Ways to Expand 401(k) Participation>>

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

©401(k) Marketing, LLC.  All rights reserved. Proprietary and confidential.  Do not copy or distribute outside original intent.