206. Retirement Plans Made Simple: A Guide for Small Business Owners with Jon Fritzinger

I’m thrilled to sit down with Jon Fritzinger, an expert in retirement benefits, to unpack everything business leaders need to know about providing these crucial perks to their teams. Jon starts off by explaining why offering retirement benefits is more than just a great perk—it’s a powerful tool for attracting and retaining top talent and supporting your employees’ long-term financial well-being. With state mandates and compliance requirements on the rise, Jon shares the ins and outs of what employers need to stay compliant and competitive.

We dive deep into the specifics, starting with the SEP IRA and Simple IRA. Jon explains how these options provide straightforward solutions for smaller businesses looking for manageable, cost-effective ways to get started with employee retirement plans. Then, we explore the world of 401(k) plans, which are a staple in retirement benefits that can be tailored to fit companies of various sizes and budgets. Jon walks us through the cost and implementation factors of 401(k) plans. He sheds light on what business owners need to consider for a smooth setup that benefits everyone involved.

But it doesn’t stop there, Jon also breaks down how to choose the right provider for your retirement plan needs. Whether you’re just starting to think about retirement benefits or looking to upgrade your offerings, this episode will leave you armed with actionable insights and a clear roadmap for making the best decisions for your business and team. Join us as we wrap up with Jon’s final thoughts on creating sustainable, impactful benefits packages.

What you'll hear in this episode:

[2:20] Why Offer Retirement Benefits?

[3:35] Types of Retirement Plans

[5:00] State Mandates and Compliance

[6:55] SEP IRA

[9:05] Simple IRA

[12:00] 401k Plans

[18:55] Choosing the Right Provider

[24:50] Tax Credits and Incentives

[32:35] Conclusion and Final Thoughts

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