Empower announced Wednesday a new push into startup 401(k) plans with a digital 401(k) solution for plan sponsors.
Set to launch in mid-2024, the 401(k) plan will give advisers and third-party administrators a new way to set up an employer retirement plan with “reduced complexity and cost while streamlining administrative duties,” according to the company. The program, Ready Select, is designed for small and startup plans with up to $1 million in assets.
The platform includes investment advisory services through a third-party ERISA fiduciary and is designed to create an “on-demand proposal and complete plan setup,” giving a plan sponsor “financial […]
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