Plan Sponsor Guide 2020 Q3: 401(k) Matching Formulas That Could Boost Participation Without Breaking The Budget

Offering a retirement plan shows your employees that you are committed to helping them save for their future. A matching formula is a great way to give a little bit more to your employees and increase contributions!

There are many matching formulas that can boost contributions and won’t break your bank or budget. Here are three to consider:

• Safe Harbor
• Graded Vesting 
• Cliff Vesting

In this guide, you will gain insights about these three formulas, their advantages and eligibility requirements