ProductsOctober 21, 2010

Web Site Helps Employers Choose Best Retirement Plan

The U.S. Department of Labor (DoL) and the American Institute of Certified Public Accountants (AICPA) have launched a Web site to help small businesses select a retirement plan suitable for their employees.

Reported by Fred Schneyer

The Web site, “Choosing A Retirement Solution for Your Small Business,” was jointly developed and is co-sponsored by the Labor Department’s Employee Benefits Security Administration (EBSA) and the AICPA.

The site introduces employers to a number of retirement plan options from a simpler individual retirement account-based plan to the more sophisticated automatic enrollment 401(k) program. It describes the advantages and features of various retirement plans.

“Having the right plan will give small business owners a way to save for their own retirement while also helping their employees achieve a more secure retirement,” said EBSA Assistant Secretary Phyllis C. Borzi, in a news release.

The site is at http://www.choosingaretirementsolution.org/.