Information from the Washington State Department of Financial Institutions

Washington Retirement Marketplace Now Open

 
Tuesday, March 27, 2018

The nation's first online retirement marketplace is now open for business!

Washington’s Retirement Marketplace, operated by the Department of Commerce, is a online marketplace where qualified financial services firms offer low-cost retirement savings plans to businesses and individuals, including sole proprietors, “gig” workers and the self-employed.

The Retirement Marketplace simplifies the process of finding a retirement savings plan by making it easy to compare state-approved plans.

Visit the Retirement Marketplace at www.retirementmarketplace.com

Why A Retirement Marketplace?

There’s a retirement savings gap. Washingtonians aren’t saving enough for retirement, at the risk of spending their later years with diminishing standards of living and more reliance on public safety net programs.
  • Over 2 million working Washingtonians have no access to retirement savings plans at work.
  • Over 131,000 Washington businesses offer NO retirement savings arrangements to their employees.
  • Small businesses have the hardest time offer retirement plans because of cost and complexity.