Craig Howell, VP of business development at Ubiquity Retirement + Savings, talked with Money Management Executive to discuss the future of small business and retirement.
“The country is 30 years into the 401(k) revolution and we’ve seen the 401(k) deliver some fantastic successes,” says Craig Howell. “But the 401(k) has proven kind of unsuccessful on the smaller end of the marketplace – businesses with less than 100 employees. We’re trying to stay in front of that.”
While Howell says Ubiquity is often a lone cheerleader for the 401(k) amid small businesses, the industry is closely following several state legislatures that have examined mandatory payroll deduction IRAs for companies with at least 25 employees.