Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Plan Compliance Analyst (Administrator)


RPA logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Startup Aims to Provide Cheaper Retirement Accounts for Small Firm Employees
The Wall Street Journal; subscription may be requiredLink to more items from this source
Mar. 5, 2015

"There are a couple of big problems with small-business retirement plans: Many small employers don't offer 401(k)s or other savings plans to their workers. And at companies that do, participants are often saddled with high fees. Financial-technology startup Honest Dollar says it has a plan to change that, with a new option that is both simple and cheap. Like the 'robo' financial advisers, the Austin, Texas, company will deliver its services online and will offer investment portfolios of low-cost exchange-traded funds ... But the focus is on providing a service to employers: Companies will be charged a flat $10 per employee per month, with no set-up fee, and 'it takes them less than 90 seconds in most cases to set up the account,' says Will Hurley, chief executive of the company[.]"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.