Explore BrainMass

Explore BrainMass

    Retirement Plans

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are the benefits to the employer and the employee of increased participation in retirement plans?

    © BrainMass Inc. brainmass.com June 3, 2020, 8:05 pm ad1c9bdddf
    https://brainmass.com/business/business-management/retirement-plans-122708

    Solution Preview

    Hi,

    Let's take a closer look.

    1. What are the benefits to the employer and the employee of increased participation in retirement plans?

    For the employer, it secures federal tax benefits and related financial gains. Businesses with qualified retirement plans may deduct plan contributions off their taxes as a necessary and ordinary business expense. So in essence, through this tax deduction, the government is subsidizing the employer's qualified plan benefit expenses.

    However, attractive retirement plans are also helpful in recruiting and retaining high quality staff. When it comes to attracting and keeping good employees, a firm with a ...

    Solution Summary

    This solutions identifies and explains specific benefits of increased participation in retirement plans to the employer and the employee.

    $2.19

    ADVERTISEMENT