A quarter of adults in the U.S. don’t have retirement savings. One reason? Not all employees have access to an employer-sponsored retirement program. Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice).
Read More Does Illinois Secure Choice Affect Your Small Business?
Guest Author:
Vestwell
Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country. We’re helping to close the savings gap by offering a flexible, cost-effective, modern solution to save for the critical aspects of life - retirement, education, and healthcare. Vestwell currently powers nearly 25,000 small businesses, over a million savers, and $27 billion in assets in all 50 states. To learn more, visit vestwell.com.
Jul 28, 2022
Connecticut Employers, How Much Do You Know About MyCTSavings?
Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).
Read More Connecticut Employers, How Much Do You Know About MyCTSavings?Jul 11, 2022
Safe Harbor 401(k) Plan: How to Maximize Your Small Business’s Savings
In the United States, the most common type of retirement plan is the trusty 401(k). With over 60 million active participants and an estimated $7.3 trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve.
Read More Safe Harbor 401(k) Plan: How to Maximize Your Small Business’s SavingsJun 08, 2022
CalSavers & Your Small Business: You May Be Required to Offer a Retirement Program
In 2019, the state of California put in place the CalSavers Retirement Savings Program, with the goal of enabling California residents to save for retirement.
Read More CalSavers & Your Small Business: You May Be Required to Offer a Retirement Program