Broker Check
 
 
Plan Sponsor Guide - 401(k) Matching Formulas that could Boost Participation without Breaking the Bu

Plan Sponsor Guide - 401(k) Matching Formulas that could Boost Participation without Breaking the Bu

| August 17, 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.

DOWNLOAD THE INFOGRAPHIC

MATTHEW C. MONROE, AIF®, CRPS®

MANAGING PARTNER

5000 Brittonfield Parkway, Suite 106

East Syracuse, NY 13057

mmonroe@irpny.com

(315) 431-2888

www.irpny.com

 

Securities Offered Through LPL Financial. Member FINRA/SIPC. Investment Advice offered through Retirement & Benefit Partners of Central New York, a separate entity from LPL Financial.