401 OK?
Tech-driven 401(k) providers offer big savings.
By Julie Monahan • May 1, 2004
Opinions expressed by Entrepreneur contributors are their own.
Small businesses lag well behind large companies as retirementplan sponsors, a fact that many entrepreneurs blame on cost. Butthe rise of tech-driven 401(k) providers now offers entrepreneursaffordable alternatives that can sweeten employee compensation andboost morale.
Timing couldn't be better, as many large corporate providersare abandoning the small-business market because of low margins.The subsequent provider vacuum opens the doors for the newtech-driven provider, which may become the standard method foroffering employees a retirement savings plan.
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