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Private Firms Offer to Run California State-Sponsored Retirement Savings Plan
CalpensionsLink to more items from this source
Nov. 2, 2015
"A board working on a proposal to enroll most small business employees in a state-run retirement savings plan, unless they opt out, was told last week that small technology-focused financial firms could do the job. The founders of three firms that offer 401(k)s and other retirement plans to small businesses did not object to competition from the state. They offered their services, acknowledging that several small firms may be needed due to the size of the job."

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