Guidant Financial Group Blog

A couple of days ago, the Wall Street Journal published an article titled, Despite Slump, Some Small Firms Add 401(k)s. We thought this article did a great job of exposing opportunities for employers to add value to employees through this tough economic climate.

Guidant is an avid fan of this strategy because—as the article points out—a significant percentage of workers are unlikely to save for retirement if their company doesn’t provide the vehicle. One of our core products is commonly used for business and franchise purchases. Called 401(k) Small Business Financing, our product alllows and individual to invest their retirement funds into a business, without incurring penalties or taxes. One of the greatest benefits of the product is that we create a 401(k) for the new business.

Regardless of whether or not you use our product, we advocate that employers provide this benefit for their staff. There is a nominal cost to the employer—one that is far outweighed by the benefits—and your employees will thank you for looking out for them!