as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
why do some companies offer 401k retirement plans?
user
stated plainly... it's a benefit. companies are not required to offer you any compensation above paying you minimum wage. but benefits attract higher quality employees.  i think a big part of it is that it is the norm. employees want it because of the tax benefits. employees expect it because almost all reputable companies of any significant size offer it. you could run a great company, but if you don't offer a 401k plan, you can scare away good potential employees. it would give a bad impression the same way that not offering health insurance would.
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