If you are the pharmacy owner, there are a multitude of benefits for implementing a 401k for your team.
- 401k plans help attract and retain valuable employees
Recent studies have shown that the younger generation prefers certain benefits, such as a 401k, over a salary increase.
- Your contributions are tax deductible
- Different plan options are available (click here to see if you have the best plan for you)
- Tax credits and other incentives may reduce starting costs
Additionally, we would like to address some misconceptions, for those employers who do not offer a 401k.
First and foremost, setting up a 401k for your employees is a pretty painless process. We will help you pick the plan that is best for you and your team, and will take care of all of the legwork. We will also help you to organize and manage the plan year to year, so you don't have to worry about finding the time. Lastly, the cost to set up and offer a 401k to your employees is less than you may think. There are plans available, specifically for small businesses, and we can show you a cost comparison to help you pick the right plan for you.
We also offer you and your team a variety of other services:
- Financial planning assistance for you AND your employees enrolled in the 401k
- One-on-one advice with one of our 401k advisors
- A better, overall, customer experience
- Advice on ways to help you enjoy independence, inside, outside, and after your life in the pharmacy
- New and unique ways to help attract, retain, and reward valuable employees
- And more!