Today is National Savings Day, so it seemed like an appropriate time to talk about one of our new employee benefits: our 401(k) plan.
The Importance of Benefits to Small BusinessesAs you know, we consider ourselves a small business. We currently fluctuate between 4 and 8 employees, with a growth plan to max out around 20. Because of our small size, we don't legally have to offer paid time off, health insurance, or a retirement plan. But we do anyway for 2 reasons.
- It keeps us competitive when hiring and retaining employees.
- It's the right thing to do for our team.