Implementing a Daytona Beach 401(k) Benefit Package
Implementing a Daytona Beach 401(k) Benefit Package
“Change your life today. Don’t gamble on the future, act now, without delay”.
-Simone de Beauvoir
It’s important to prepare for the future. When you are an employer, it’s more than you that you have to look out for. You also have to make sure your employees are prepared. It helps you invest in your own future and invest in your employees. By helping them prepare for their future, they feel more secure in their work. It makes the employee’s investment worthwhile.
An employee is making an investment when they start a job. They are investing their time, skills, and willingness to deal with customers. They want to get a decent return on that investment. Payroll isn’t always enough. Sometimes they need a little extra incentive. One way to keep them for the long run is to plan for the long run. This means benefits that build toward a happy retirement.
Other employee benefits like paid vacation are good for retaining employees right now. Retirement plans keep employees invested in the job over time. It gives them a goal to work toward. It also eases the worry about planning for tomorrow. So now that we have an idea, how do we start it?
401(k) Retirement Program
A 401(k) is a form of retirement planning employees can invest in with each check. The investment comes before taxes and isn’t taxed until it gets withdrawn. Even then, it’s only taxed if withdrawn before retirement age. It allows employees to invest in their own future with their employer’s help. Investing is also simple to begin. The employee has the investment come out of each check. It all works as a part of Payroll.
This makes for a hassle-free investing experience. Moreso when you have a payroll company like Vision H.R. start the 401(k) so employees can start investing.
Vision H.R. offers a Multiple Employer Plan. This means one company sponsors the 401(k). Other companies can join the plan as adopting companies. You still get to create and personalize your 401(k) plan. The main difference is you don’t have the frustration or expenses of starting your own plan. All you have to do is join in and enjoy the benefits. In order to have access to Vision H.R.’s 401k plan, you must outsource payroll to Vision HR and have the minimum level of HR offering.
By implementing a Daytona Beach 401(k) retirement program you can keep employees for longer. It will also give them more peace of mind, which means more productivity. Learn more about how to get started today by contacting Vision H.R.
