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Auto-IRA Programs Encourage Firms to Establish Their Own Plans

January 17, 2024

The Pew Charitable Trusts recently reported that retirement assets in active auto-IRA programs have reached $1 billion. Auto-IRAs, which began in 2017 when Oregon launched its OregonSaves program, now are up and running in six other states: Illinois Secure Choice (2018), CalSavers (2019), MyCT Savings (2022), Maryland Saves (2022), Colorado SecureSavings (2023) and RetirePath Virginia…

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What’s Preventing More Small Businesses from Offering Retirement Plans?

MarketWatch Blog by Alicia H. Munnell

January 10, 2024

While concern about stability is understandable, worry about costs is based on serious misperceptions. At any given time, only about half of private sector workers in the United States are covered by an employer-sponsored retirement plan, and few workers save without one. Numerous studies have shown that offering a retirement plan is closely related to…