How many moving companies have a 401k for their movers?

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Thursday, December 15, 2011

Author: Aaron Steed

Tags: Corporate Culture, Leadership, Meathead History, Movers

401k Nest Egg It is widely rumored, but unconfirmed, that Albert Einstein said “Compounding interest is the most powerful force in the universe.” However, according to snopes.com, it is confirmed that when asked to name the greatest invention in human history Einstein simply replied “compound interest.” Those who follow our blog and company know we are determined to change the moving industry nationwide. This major feat will only be possible if we continue to attract and retain capable and motivated people to work hard towards our mission.

We are SO PROUD to announce that earlier this year we began offering our growing team a very attractive 401K plan. We have elected to match the first 4% of every employee’s contribution. The employee contribution is automatically taken out of their paycheck (pre-tax) and our contribution deposited (fully vested) at the same time. The management of the 401K is available online with complete transparency and ease of management for the employee. The accruing money can be used for a down-payment on a first home (with interest paid back to yourself!), transferred by an employee after their employment ends to another retirement savings vehicle or simply saved for retirement. Regardless if you can save 15%, 10% or just 2% of your income, overtime the money will accumulate especially for our youngest employees---Meatheads, your time is now!

Time Value of Money

Other business owners have asked me why we chose to add an additional expense of offering a 401k during a recession. Here’s where I was coming from: I am constantly battling with (within my company’s culture) Meatheads thinking that they “need to get a real job” after they graduate from college. Although we pride ourselves on hiring people who are destined to accomplish way more than moving furniture, we want employees to know they can grow within our company and help us expand. We hope this investment in our employees’ futures will be matched by their investment in Meathead Movers to become the new and growing standard for the moving industry.