Even if you already offer a traditional 401(k) plan, you may want to give your key employees a little more incentive to stay with your business. A supplemental retirement plan gives your top employees a chance to save more once they’ve maxed out their contribution to a qualified plan, which can increase engagement and retention.
Consider a supplemental retirement plan for retention of these employees. You can even match employee contributions for additional tax breaks and more of a reward.
Nationwide offers many strategies to help you offer supplemental retirement to your employees.