From recently hired millennials to State of the Union addresses, retirement readiness has been a hot topic conversation among employers of all kinds. But small businesses have been on the short end of the stick, needing to pass a number of hurdles when establishing and maintaining successful retirement programs.
“Many small businesses know they should set up a 401(k) plan for themselves and their employees, but they often become overwhelmed by the decision-making process and think it’s too expensive or complicated,” says Stuart Robertson, president of Capital One Advisors 401(k) services, which oversees Spark 401k — a suite of services aimed to make it simple for employers and employees to open and manage their retirement plans.
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