Streamlining Benefits and 401(k) for Construction and Trades Companies

One of the things we love to do at Outpave is highlight great players in the market. These are tools that we use here at Outpave and our employees love. It sets us apart to offer them to retain the best people. Now, we'd like to give back to show you how we are able to offer these great options for our team.

Easy 401(k) Access with Human Interest

Historically, offering a 401(k) plan has been challenging for small- and medium-sized businesses, but Human Interest removes those barriers. Their platform automates 401(k) enrollment, management, and compliance, allowing companies to offer retirement benefits without getting bogged down in administration. For employees, a 401(k) provides an essential tool for long-term savings, helping them plan for the future and feel more secure in their roles.

Offering a retirement plan, especially in fields with skilled labor shortages, is a competitive advantage. Employees who see their financial futures supported are more likely to stay loyal and engaged. Plus, Human Interest’s low fees and accessible setup make it easy to provide this benefit, even for companies new to 401(k) offerings.

Comprehensive Benefits Made Easy with Thatch

Construction and trades businesses often face unique challenges in providing healthcare and other essential benefits. Thatch is designed to streamline benefits management, offering flexible, affordable healthcare plans that are easy to customize. From health and dental to vision coverage, Thatch allows you to support your team’s well-being in a way that fits your budget.

Providing healthcare benefits not only sets your business apart in a competitive job market but also improves employee satisfaction and retention. Employees who feel valued and supported are more committed to their work, creating a more stable and productive team. Thatch’s platform is affordable and flexible, allowing you to offer competitive benefits without the high costs or administrative headaches.

Why Retirement and Benefits Matter for Retention

Offering retirement and healthcare benefits strengthens employee loyalty and satisfaction, making your company a more attractive place to work. In a tight labor market, workers are more likely to stay with employers who invest in their future and well-being. By using Human Interest and Thatch, you can provide essential benefits that increase job satisfaction and reduce turnover, allowing your company to retain skilled employees and stay competitive.

Final Thoughts

With platforms like Human Interest and Thatch, setting up 401(k) and benefits options is simpler and more affordable than ever for construction and trades companies. These solutions empower your workforce, improve retention, and enhance overall satisfaction. Embracing these tools can help you build a strong, stable, and committed team—ensuring your business is set for success well into the future.

Written by
Outpave
November 12, 2024