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Bloomberg.com: Establishing an Employee Retirement Plan

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As VP of Brand + Creative for Ubiquity, Sylvia is a creatively driven entrepreneur with an unprecedented passion for the written word. With over 22 years in marketing and advertising and titles ranging from Director to CMO, Sylvia has worked with mega giants including Intel, Microsoft, IGN Entertainment, Activision, and Apple. She has also worked on projects with Jack Johnson, Mariah Carey, Denise Richards and YMCMB’s Lil’ Wayne and Birdman. Most recently, Sylvia co-produced Broken Eggs, the hard-hitting, feature-length documentary about the looming retirement crisis in America.

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December 7, 2011 at 5:18 am
Press

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Karen E. Klein, Writer

Los Angeles-based writer Karen E. Klein

Business owners should rethink what they “know” about sponsoring retirement plans, says the founder of a firm that administers 401(k)s for small companies.

Along with assessing tax strategies and planning for future growth, many small business owners leave making decisions about employee benefits until the end of the year. Employment surveys indicate that after health insurance, the benefit most coveted by U.S. workers is an employee retirement plan. But Small Business Administration data show that nearly three-quarters of small employers do not sponsor retirement plans for their employees. Many entrepreneurs are clinging to outdated, negative notions about retirement plans, says Chad Parks, who founded The Online 401(k) in San Francisco in 1999.

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