What benefit does an employer gain by offering a qualified retirement plan to its employees?

Offering a qualified retirement plan provides employers the benefit of tax-deductible contributions. When employers contribute to a qualified plan, these contributions can often be deducted from the company's taxable income, which can lead to significant tax savings. This incentivizes employers to set up and maintain retirement plans for their employees, promoting retirement savings and financial security in the workforce. Tax deductibility not only aids businesses in managing their tax liabilities but also enhances their attractiveness to current and potential employees, thereby aiding in recruitment and retention strategies.

The other choices do not provide the same benefits related to tax advantages associated with qualified retirement plans. For instance, while providing life insurance could be a component of employee benefits, it is not a direct advantage of establishing a retirement plan. No required contributions might appeal to some businesses, but it does not encompass the broader benefits tied directly to tax deductions. Reduced insurance premiums may result from healthier employee populations but don't directly relate to the benefits of offering a retirement plan.