Many employers in today’s environment view a retirement program as a necessary evil—a costly means to attract and retain qualified employees. On the other hand, many professional firm employers see a retirement program as an opportunity to:
- Defer significant income for the owners/partners
- Design an appropriate balance between cash compensation and benefits for nonowner professionals
- Provide important retirement income for the nonprofessional staff
But how can a retirement plan cost effectively achieve these goals? One answer can be found in the following pages.
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