Is a 401(k) right for your dealership?
Abstract: Retirement savings plans are one of the biggest carrots a dealer can offer to its employees. This article reviews one of the most popular retirement savings plans — the 401(k). It discusses the advantages of 401(k)s and why employee contributions can strengthen a 401(k) plan as a recruiting and retention tool. A sidebar looks at some specific advantages offered by Roth 401(k)s, as opposed to traditional plans.