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Small Businesses

Easy and Affordable Workplace Savings Options for Small Businesses

Forty-seven percent of small businesses don’t offer a retirement savings benefit program. Workplace Savings is designed for businesses where 401(k) plans may not be the best fit and aims to increase employee access to tax-advantaged retirement savings at work, all while minimizing the cost and time required of the...

Fact Sheet
2 minute read

Your Workplace Savings Solution

It is expected that many Americans will not have enough savings to adequately fund their retirement, leading the country towards a potential crisis. Millennium Trust has developed a Workplace Savings Solution to provide small-and mid-sized businesses and their employees access to easy and affordable retirement plans.

Fact Sheet

The Conundrum of State-Run Retirement Plans

On Wednesday, the Senate narrowly voted to overturn a Department of Labor (DOL) policy that would help states offer retirement savings plans. The policy had created a safe harbor that essentially would have exempted states from complying with ERISA rules and requirements. It is widely accepted that President Trump...

Article
2 minute read

Solo 401(k) - Key Features and Benefits

For sole proprietors, the Solo 401(k) offers the same plan options, contribution limits and flexibility that are available in company 401(k) plans. As a result, single owner businesses are able to put away more money for retirement in a shorter amount of time using a combination of salary deferral and profit sharing...

Fact Sheet
2 minute read
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