The embattled 401(k) – Businesses can still find value in this employee benefit
Abstract: Today’s employees may be more concerned than ever about building up retirement savings, and they’ll be looking to their employers to help them meet this goal via a 401(k) plan. Companies not worried about attracting and retaining workers now will likely do so as the economy recovers and more baby boomers retire. This article looks at a number of 401(k) options — the traditional, the Roth, the Safe Harbor and the SIMPLE — and how each may or not be suited for a particular type of business. A sidebar discusses the Solo 401(k) for self-employed businesspeople.