Finding it difficult to recruit new employees? Struggling with retaining your current employees as competitors try to poach your top talent? You’re not alone—these are just a few issues small business owners everywhere are dealing with. While there will always be stresses that come along with running a small business, a Safe Harbor 401(k) plan may be able to help you along the way.

The average American’s life expectancy is generally rising, which means a longer retirement, not only for you, but also for your employees. Workers are starting to consider retirement benefits now more than ever, and we want to help you offer them the best possible package.

The Safe Harbor 401(k) plan allows you to put away a maximum of $18,000 a year (plus an additional $6,000 for those age 50 or over) while also giving your employees a great opportunity to start saving for retirement. This plan requires you to offer all employees a matching contribution of 1:1 for the first 3 percent they contribute, and 1:2 for the next 2 percent, leading to a total maximum contribution of 4 percent.

The potential of 4 percent per employee may initially seem like a lot, but given the increased importance workers are placing on retirement benefits, it is an investment that may be worth making. The cost of replacing a mid-level employee can range anywhere from 20–50 percent of their annual salary, plus the disruption of chemistry in your office. This means that setting up a plan could actually end up saving you money while also boosting the morale in your workplace.

A Safe Harbor 401(k) plan will not only help you plan for your future, but will also benefit your employees and make your business a more attractive place to work, improving your practice’s presence in the community. Call us at 1-800-523-1125 to talk with a Retirement Program Specialist or visit us at to learn how you can start saving today.

About AXA Equitable

AXA Equitable Life insurance Company has been helping members of associations plan for an independent retirement for over 45 years. We are here to deliver a comprehensive “bundled” service that helps minimize the time needed to establish and manage your retirement plan.

Withdrawals from a tax-deferred retirement plan are subject to ordinary income tax treatment and if taken prior to age 59 ½ may also be subject to an additional 10% federal income tax penalty.

AXA Equitable Life Insurance Company (NY, NY) does not provide tax or legal advice.

GE-98669b (1/15) (Exp. 1/17)

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