Businesses, regardless of size, prioritize competitive employee benefits. According to a Glassdoor survey, 80% of employees prefer additional benefits over pay raises, with a 401(k) ranking among the top five requested benefits.
These benefits aid in employee retention, recruitment, and offer tax deductions for employers to incentivize participation. A 401(k) is crucial for employees’ financial security, whether they are nearing retirement or in the planning and saving phases.