Why does your company need a retirement plan?

• It Will Maximize the Attraction of New Employees
• It Will Maximize the Retention of Current Employees
• It Will Provide You Tax Relief

• Attraction of New Employees

The benefits you offer your employees are valuable tools in attracting new employees. According to Crain's Small Business magazine's national survey, retirement plans are second only to medical plans in importance to employees.

• Retention of Current Employees

Competition is increasingly a problem in today's global market. Is your competition searching to lure your most talented employees away from you? Have you already lost employees to your competition?

The benefits you provide to your employees can make a critical difference in an employee's evaluation to stay with your company. Increased employee retention lowers your training headaches and saves you training dollars.

For example, 45% of 206 medium to large U.S. companies report that turnover costs them more than $10,000 per employee... and the average cost to recruit, hire and train a $50,000 a year employee is $18,750, according to survey in Workforce Magazine July 1998.

Any additional employee benefits you provide can also help create loyalty which directly relates to company growth and increased profitability.  Through an absence of loyalty, a U.S. corporation loses on average half of its customers in five years, half of its employees in four years, and half of its investors in less than one year.
 

• Tax Relief

Employer contributions are usually tax deductible. The sponsorship of a retirement plan can provide your employees with an additional benefit and also provide your company with a valuable tax break.

Working with BusinessPlans allows you to have the peace of mind your plan is in compliance and is being monitored to maximize your return on investments.

• "Strategy Based" 401(k) Event

All guests who attended our "Strategy Based" 401(k) event in 2001 at Paul Brown Stadium in Cincinnati rated it with rave reviews.  

At this event we discussed Mutual of Omaha Companies "Strategy Based" approach to 401(k)'s.

Doug Griffith, President, CEO, & CFP of BusinessPlans and Peter Walkey, Regional Pension Manager for Mutual of Omaha Companies discussed:

• Are you a fiduciary?
• How to Manage Your Companies Retirement Plan Successfully
• 401(k) Lawsuit Prevention
• A Different Approach to Investment Selection - reducing your liability and increasing your investment returns
• How to get the maximum out of your provider
• The "Strategy Based" approach to 401(k)

This was a valuable 401(k) event at a fun and exciting location. Everyone in attendance received information on the BusinessPlans approach to 401(k), understanding your role as a fiduciary, Mutual of Omaha Companies "Strategy Based" approach to investing, fiduciary tool kit, delicious lunch, and almost everyone in attendance stayed for the FREE TOUR of the state of the art facilities after the seminar. Did you notice the field playing surface is brown? Our event was held as they were preparing to lay the new mixed grass/artificial synthetic turf at Paul Brown Stadium.

Whatever the size of your business, you will find that a retirement plan offers benefits you can not afford to pass up. Contact BusinessPlans, Incorporated and discuss what type of Retirement Plan is right for your business!