Americans aren’t saving enough for retirement. Small businesses have options to offer retirement savings plans to their employees.
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...
Sidecar IRAs - still relatively uncommon in the retirement industry today - may benefit plan providers and plan participants, and help promote retirement readiness while many Americans struggle to save for the future.
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.