Should small businesses partake in a 401(k) retirement savings plan?
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Business Owner 1 min read

Should small businesses partake in a 401(k) retirement savings plan?

Small businesses are an important backbone of the community, offering specialty retail and services to cities.

Gary W. Lendermon
Marketing and Communications

Small businesses are an important backbone of the community, offering specialty retail and services to cities. Many a city’s charms are contained in its shops, and small business owners should feel empowered to seek out programs and plans that benefit them as owners and employers. One major financial plan that many small businesses do not usually partake in is 401(k) retirement savings. A retirement savings plan is of utmost importance for not only the future of a proprietorship, but in your personal future as well. There are many misconceptions that small business owners may have about their eligibility or ability to have a retirement savings account, but with the assistance of Duncan Williams Asset Management, we would be happy to explore the many benefits and options you would have for retirement savings as a small business.

Gary W. Lendermon

Written by

Gary W. Lendermon

Gary is responsible for Marketing and Communications for Duncan Williams Asset Management. In this role, he oversees all facets of the regional firm's internal and external communications and marketing efforts. Gary brings more than 30 years of experience in the marketing and communications field to Duncan Williams Asset Management. Previously, he served as a divisional president for Archer/Malmo, a Memphis, Tenn.-based AAAA advertising agency, the largest in the Mid-South region. His creative and strategic initiatives have won multiple ADDY® Awards, MarCom Awards, PRSA Awards, and an Emmy. He is a member of the Public Relations Society of America. Gary serves on the Director Advisory Council of The Germantown Performing Arts Center (GPAC), a past member of the Memphis Botanic Garden Board and the Indie Memphis Board. He graduated from the New Memphis Institute's Leadership Development Intensive (LDI) Program and served on the Greater Memphis Chamber's Board of Advisors. Gary earned his Bachelor of Science degree from the University of Memphis and has his master’s in strategic public relations from George Washington University. He previously held the series 7 and 63 General Securities licenses. Gary is also a professor at Christian Brothers University, where he teaches MBA students Corporate Social and Legal Responsibility.

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