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.

3 Cost Effective Ways to Expand 401(k) Participation

Retirement Partners of Hawai`i 1003 Bishop Street Pauahi Tower, Suite 880 Honolulu, Hawai`i 96813 Phone: (808) 681-7799 info@retirementpartnersofhawaii.com www.RetirementPartnersofHawaii.com

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.