What Small Business Owners Need to Know About 401(k)'s

What Small Business Owners Need to Know About 401(k)'s - http://www.usnews.com Avatar Posted by TimJustus under Employee Benefits
From http://www.usnews.com 5018 days ago
Made Hot by: on August 21, 2008 5:02 am
Only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. Small-business owners are so focused on developing their businesses that some do not realize that those assets can grow at a much faster rate for their retirement under the right plan.

An October survey by ING DIRECT's ShareBuilder401k, found that "not enough employees" was the top reason cited by small-business owners as to why they do not have a 401(k) plan. That's despite the fact that even sole proprietorships with no other employees can have 401(k)'s.





Comments


Written by loslosbaby
5018 days ago

I am in Oklahoma and am really big into the "off-coastal advantage"...my #1 favorite is lower cost of living. This article says it all...if you can drop your income 46k$, then you can go into REALLY low tax brackets here in the Off-Coastal "heart of America". Time to call my tax guy!



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!