What are the Benefits of Employer-Sponsored Pension Plans?
Employer-sponsored pension plans often come with several advantages:
- Matching Contributions: Employers may match a portion of the nurse's contributions, effectively boosting the retirement savings. - Tax Benefits: Contributions to these plans are often made on a pre-tax basis, reducing the nurse's taxable income. - Employer Management: These plans are usually managed by the employer, making it easier for nurses to focus on their work without worrying about investment decisions.
