Millennium Trust Company Launches Small Business Retirement Solution
The recent advancement of Multiple Employer Plans (MEPs) and government-run options has been beneficial, but
"We applaud everything that the states' plans and federal MEP legislation are trying to accomplish," said
Part of the problem, according to Boyles, is a lack of knowledge among small employers about all of their retirement savings options. That's why
"Small business owners are focused on making sure their business is running properly, so they aren't necessarily subject matter experts when it comes to retirement benefits," added Boyles. "We've made researching retirement plans much more accessible for the majority of employers who have a limited understanding of their options outside of a 401(k), and we hope that translates into increased access to savings for Americans."
"As the needs of businesses change, retirement plans are forced to change with them," said
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