business man selecting a check box (Photo: Shutterstock)

Recently, legislators have introduced new classes of retirement plans, all with the aim of helping small businesses offer 401(k)-style benefits. Ushered in by the 2019 SECURE Act, the intention of these new plan types is to make it easier for small employers to achieve some of the administrative efficiency and economies of scale enjoyed by large plans: As retirement plan assets grow, they tend to secure lower management and recordkeeping fees.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.