1 in 4 Small, Midsize Business Owners Met With Financial Advisers Last Year
A Nationwide survey found small and midsize entrepreneurs could be a growing audience for advisers’ support.
Tag: Small Businesses
Small Business Plans Have Growing Assets, Lagging Participation
More than 40% of eligible small business employees do not participate in their retirement plans, according to a study by...
Cash Balance Plans Top $1T, per Ascensus
Companies with fewer than 10 employees own more than half of all cash balance plans, a group of retirement plans...
Can ICHRAs Fill Small Businesses’ Health Coverage Gaps?
A recent survey found nearly 90% of small to mid-sized employers shared concerns over whether they could provide group health...
Small Business Plan Design in Practice
Advisers and recordkeepers discuss plan design for the burgeoning small business 401(k) market.
Fiduciary Fee Study
Small business 401(k) plan costs can benefit from fiduciary-grade advice, a practice that will be mandatory via the DOL’s new...
Senate Introduces Bill to Require SEC to Modify Small Entity Definition
The bill has already passed the House.
401GO Raises $12M Series A Funding Led by Next Frontier Capital
Rally Ventures, Impression Ventures and Stout Street Capital contributed to the round, fueling the small plan provider’s growth strategy to...
Why Small 401(k) Plans Should Remain Wary of Hidden Fees
Advisers should identify key fee drivers to protect participant outcomes, particularly for plans of less than $1 billion.
OneDigital Offers 401(k) Solution by Principal to Small Business Clients
OneDigital advisers will use Simply Retirement by Principal, with the goal of streamlining the process of setting up a retirement...
Small Businesses See Many Obstacles to Plan Creation, Lack Awareness of SECURE 2.0
A survey from Capital Group found that businesses with fewer than 50 employees often lacked awareness of key provisions in...
Transamerica Renews Small Business Retirement Plan Campaign
Starting September 1, the provider will launch a campaign called 401(k)ares that will include an incentive to transfer from a...
Construction, Farming, Among Sectors with Lowest Retirement Plan Access
There is a role for financial advisers, accountants, and payroll providers to improve the plan coverage gap across industries, alongside...
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
The errors include the startup credit, RMD, SIMPLE IRA plans and Roth catch-ups.
Small Business Owners More Likely to Phone a Friend, Not an Adviser
When asked whose counsel they would seek before setting up an employee retirement plan, small business owners prioritized family, friends...
Do Small Business Owners Need Retirement Advisers Too?
Amassing sufficient retirement income and the impact of taxes on retirement savings are small business owners’ top concerns.
House Committee Unanimously Approves Bill Requiring SEC to Study Size Cutoff for Advisory Firms
The Small Entity Update Act requires the SEC to revisit the ‘small entity’ definition of advisory firms every five years.
Retirement Advisers Increasingly Want PEP Option in Toolbox
Pooled employer plans are still a nascent offering in the retirement market, but an increasing number of advisers want them...
Democrats Suggest SEC Should Reform Scope 3 Climate Disclosure Proposal
Scope 3 disclosure requirements are losing support in Congress.
Envestnet Data & Analytics Plans to Enhance Access to Financial Data, Improve Financial Wellness
Envestnet seeks to make it easier for customers to connect, grow, protect and manage the financial wellness of their business...