PLANADVISER - July/August 2020 - 16
research / 2020 PLANADVISER Recordkeeper Services Survey
The
heirEach
To
Own
Own
Advisers look to recordkeepers for savings
vehicles-including SEP and SIMPLE IRAs-
to equip employers of all sizes
SMALL BUSINESSES increasingly recognize the importance of offering retirement benefits
to their workers. These can be a powerful tool for employee acquisition and retention,
provide a valuable employer tax benefit, and lead to better financial health-and lower
stress-for workers.
Yet, only four in 10 employers with fewer than 100 workers offer them such benefits,
according to a LIMRA study. There are many reasons for the lack of adoption, including
concerns about the cost and the logistical work associated with implementing the benefits.
Still, the passage of the Setting Every Community Up for Retirement Enhancement
(SECURE) Act may ease the way for some small employers to offer a 401(k) via a pooled
employer plan (PEP).
And 401(k)s are not the only option-there are other plan types that could be just right
for certain prospects. To that end, this year's Recordkeeping
Services Survey includes information about the marketplace
for SEP [simplified employee pension] and SIMPLE
[savings incentive match plan for employees] individual
retirement account (IRA) plans.
In addition, the SECURE Act offers tax incentives to
small businesses that implement a new plan. They
can get up to $5,000 to cover startup costs, and
another $500 if they go with a SIMPLE IRA plan
or a 401(k) plan with automatic enrollment.
For advisers, helping a plan sponsor select
a plan starts with the company's goals, says
Christa Iacono, assistant vice president, institutional
product manager, Capital Group
16 | planadviser.com July-August 2020
Art by Eric Hanson
T
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PLANADVISER - July/August 2020
Table of Contents for the Digital Edition of PLANADVISER - July/August 2020
Investing Against COVID-19
2020 PLANADVISER Recordkeeper Services Survey
Three Who Lead the Way
Prospecting in Turbulent Times
Retirement Savings Optimization
DOL Gives Private-Equity Guidance
Investment Advice Revisited
PLANADVISER - July/August 2020 - C1
PLANADVISER - July/August 2020 - FC1
PLANADVISER - July/August 2020 - FC2
PLANADVISER - July/August 2020 - C2
PLANADVISER - July/August 2020 - 1
PLANADVISER - July/August 2020 - 2
PLANADVISER - July/August 2020 - 3
PLANADVISER - July/August 2020 - 4
PLANADVISER - July/August 2020 - 5
PLANADVISER - July/August 2020 - 6
PLANADVISER - July/August 2020 - 7
PLANADVISER - July/August 2020 - 8
PLANADVISER - July/August 2020 - 9
PLANADVISER - July/August 2020 - 10
PLANADVISER - July/August 2020 - 11
PLANADVISER - July/August 2020 - Investing Against COVID-19
PLANADVISER - July/August 2020 - 13
PLANADVISER - July/August 2020 - 14
PLANADVISER - July/August 2020 - 15
PLANADVISER - July/August 2020 - 2020 PLANADVISER Recordkeeper Services Survey
PLANADVISER - July/August 2020 - 17
PLANADVISER - July/August 2020 - 18
PLANADVISER - July/August 2020 - 19
PLANADVISER - July/August 2020 - 20
PLANADVISER - July/August 2020 - 21
PLANADVISER - July/August 2020 - 22
PLANADVISER - July/August 2020 - 23
PLANADVISER - July/August 2020 - 24
PLANADVISER - July/August 2020 - 25
PLANADVISER - July/August 2020 - 26
PLANADVISER - July/August 2020 - 27
PLANADVISER - July/August 2020 - Three Who Lead the Way
PLANADVISER - July/August 2020 - 29
PLANADVISER - July/August 2020 - 30
PLANADVISER - July/August 2020 - Prospecting in Turbulent Times
PLANADVISER - July/August 2020 - 32
PLANADVISER - July/August 2020 - 33
PLANADVISER - July/August 2020 - Retirement Savings Optimization
PLANADVISER - July/August 2020 - 35
PLANADVISER - July/August 2020 - 36
PLANADVISER - July/August 2020 - 37
PLANADVISER - July/August 2020 - DOL Gives Private-Equity Guidance
PLANADVISER - July/August 2020 - Investment Advice Revisited
PLANADVISER - July/August 2020 - 40
PLANADVISER - July/August 2020 - C3
PLANADVISER - July/August 2020 - C4
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