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.