Why do employers offer these employer-sponsored retirement plans?Multiple Choicethey are required to by law in the United Statesas a benefit and/or reward to employeesbecause employers who offer tuition assistance must offer retirement plans, toocompetition in the market creates the opportunity to offer these plansbecause the employer receives a small percentage of the employee’s contributions
Question
Why do employers offer these employer-sponsored retirement plans?Multiple Choicethey are required to by law in the United Statesas a benefit and/or reward to employeesbecause employers who offer tuition assistance must offer retirement plans, toocompetition in the market creates the opportunity to offer these plansbecause the employer receives a small percentage of the employee’s contributions
Solution
Employers offer employer-sponsored retirement plans primarily as a benefit and/or reward to employees. This is a way to attract and retain quality employees in a competitive job market. It's not that they are required by law to do so or because they receive a small percentage of the employee’s contributions. Also, offering tuition assistance doesn't mandate the offering of retirement plans. So, the correct answer is "as a benefit and/or reward to employees" and "competition in the market creates the opportunity to offer these plans".
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