Employee benefits have a long history of helping employers to Attract, Retain and Motivate a company workforce. Today’s human capital needs are no different – however things are different in the Labor Markets. It continues to be a monumental task for an employer to identify, connect with, and hire quality candidates. For that reason, the Plan Sponsor Council of America’s 65th Annual Survey of 401(k) and Profit-Sharing Plans may be a formidable tool for any employer who struggles with staffing concerns.
This year’s published survey finds that participant and employer retirement plan contribution rates were at all-time highs! And at the same time, 13 percent of employers increased profit-sharing contributions, and overall, five percent of employers have increased their retirement plan matching structures.
For more on these trends, visit the www.WealthManagement.com website and the identified recent Top 5 News stories. The Plan Sponsor Council of America’s 65th Annual Survey of 401(k) and Profit-Sharing Plans happens to be one of these stories!
