For the approximately 41 million American workers whose employers don’t currently offer a retirement package, state-mandated retirement plans could provide access to employer-sponsored Roth IRAs (or qualifying plans from private sector).

The average working-class household has little to no retirement savings, and less than 40% of businesses with fewer than 100 employees offer retirement benefits. That’s why some states are adopting a heavy-handed approach to closing the retirement gap. The retirement industry is missing an opportunity to share the benefits and cost effectiveness of custom plan design.

Employers who are considering state-mandated plans over a qualified private plan may be swayed by the convenience but we know those plans are likely not the best option for employers or their employees. Flexibility in plan design brings significantly more value than simple convenience. Maybe participants need more allotment for catch-up contributions? Whatever the need, employers can take advantage of plenty of alternatives to state-mandated plans. We just need to show them how.

Advisors’ Roundtable

Filling the Retirement Gap:
Why State-Mandated Plans Fall Short

WEDNESDAY, MAY 11th @ 1 P.M. ET

Sponsored by:

Join us for the 2^nd session of our Advisors’ Roundtable conversation. No slides. No talking heads. It’s a roundtable discussion. This is an opportunity to talk with Definiti, John Hancock and other financial advisors about how to target potential clients in states with active and pending mandated plans and what the future holds for states that haven’t yet adopted the legislation. Some of the topics we’ll cover include:

• How to leverage plan customization to attract clients
• Recognizing the gaps inherent in state-mandated plans
• How plan sponsors can take advantage of SECURE Act tax credits

Come be a part of the conversation!

Register now to attend this free Advisors’ Roundtable. Don’t miss your chance to participate in the live conversation. We hope to see you there.