The Spark Institute unveiled a proposal for thecreation of a standardized savings plan for small employers thathave been reluctant to adopt current employer-sponsored plans dueto concerns about cost and potential fiduciary liabilities. Theinstitute's proposal is meant to provide a simple andcost-effective alternative to employer-sponsored plans alreadyavailable and to a recently proposed mandatory payroll deductionIRA.

The new "Universal Small Employer Retirement Savings Program"(USERSP) would be offered by employers with 100 employees orless.

Vice President Joe Biden, who heads up the White House's MiddleClass Task Force, recently called for the establishment of payroll-deductionindividual retirement accounts, in which every employee would beautomatically enrolled unless they opt out. These automatic IRAswould be also available for self-employed workers, for independentcontractors and for anyone changing jobs.

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