If your business has only a few employees, you may think you’re too small to offer a 401(k) plan. But even entrepreneurs have to retire someday, and there’s no time like the present to start planning for the future.
“Most small businesses don’t offer 401(k) plans, but it’s good for the nation as a whole to start saving for retirement,” said Paul Davidson, director of product management at payroll processing firm Paychex. “It’s not just about the [individual] benefits; there’s a social good that comes from establishing more 401(k) plans.”
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