Evaluating Retirement Plan Options: State-Facilitated vs. Other Qualified Plans Under SECURE 2.0
Help clients navigate the decision between state-facilitated retirement programs and other qualified retirement plans by guiding them through the benefits and considerations of each option.
- Understanding Plan Options: Educate clients on the differences between state-facilitated and private retirement plans, highlighting the advantages and limitations of each.
- Tailoring to Business Needs: Assist clients in evaluating which plan type best meets their business needs, considering factors like flexibility, contribution limits, and tax incentives.
- Enhancing Employee Financial Security: Emphasize the importance of offering a retirement plan to improve employee retention and financial well-being.
Evaluating Retirement Plan Options: State-Facilitated vs. Other Qualified Plans Under SECURE 2.0
Over the last several years, an increasing number of states have started requiring businesses of all sizes to offer their employees access to a retirement savings plan. Explore our SECURE 2.0 Highlights series to learn more about the key differences between and benefits of state mandated retirement savings programs and an employer-sponsored plan.
For an in-depth understanding of the SECURE 2.0 Act, visit Ascensus' dedicated resource center.
Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help more than 15 million people save for a better future.
The company is a premier savings program service provider, third-party administrator, and government savings facilitator. Our platforms, industry knowledge, and data-based insights enhance the growth and success of our partners, their clients, and savers through co-branded, private-labeled, and governmental partnerships.
Ascensus offers comprehensive qualified and non-qualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate- and bank-owned life insurance solutions, and fiduciary and total rewards services. The company’s brands include Ascensus; Newport, an Ascensus company; and FuturePlan by Ascensus.