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Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees… more »
Although the plans (and obscure government acronyms) are plentiful, the bottom line is:
Many businesses provide a pension to their employees. Apension benefit promises to pay the employee some monthly stipend uponretirement. Most commonly it continues to pay out for the remainder of therecipient's lifetime.
Pension plans vary wildly depending on the organizationproviding it and the terms established in it. Some allow for benefits to bepaid to a surviving spouse in the event the retiree dies. Others allow theemployee to contribute to the pension fund. Applicants often consider this animportant benefit when considering employment with companies.
Business owners have many options when it comes toproviding pension plans for employees. Providing this benefit makes yourcompany more enticing to potential employees and promotes better company moraleamong existing employees.
Business.com can help you find companies that administerretirement plans and other employee benefits. By using the extensive listingsavailable there, you can review as many potential providers as you have timefor. Each offers similar packages but they all have differences worth comparing.The more research you do, the more certain you will be when it comes time tochoose a plan and a provider. Your employees' future financial security dependson your selections.
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