Employer-Sponsored Plans
Employer-sponsored plans are benefits provided by an employer to their employees, often as part of a compensation package. These plans can include health insurance, retirement savings options like 401(k) plans, and other perks that help employees save money and plan for the future.
These plans are typically designed to attract and retain talent, as they offer financial security and support. Employees may contribute to these plans through payroll deductions, and employers often match contributions, especially in retirement plans, enhancing the overall value of the benefits provided.