The firm says plan sponsors in the smaller end of the market are underserved, and believes the expansion will lead to better fiduciary options and resources.
Tag: small business retirement plans
CensiblyYours designates a 3(38) investment adviser to assist plan sponsors and offers participants access to the financial education platform Edukate.
LIMRA data shows nearly four in 10 workers say they began to save for retirement because their employer offered a retirement savings plan.
Among some 50 other provisions aimed at improving retirement readiness in the U.S., the bill substantially increases the tax credit under current law for small businesses that adopt a new qualified retirement plan.
Small businesses who use Square Payroll can access affordable benefits like health insurance and retirement savings.
The revitalized programs now offer simplified investment lineups, affordable pricing and fiduciary support services.
In addition, Vanguard found among its book of business a large increase in the number of small businesses offering retirement plans to employees.