Convenience and flexibility
Group retirement plans are a popular employee benefit because they offer convenience and flexibility. Employees can save for retirement without having to worry about setting up their own individual accounts. Group retirement plans also offer a variety of investment options, so employees can choose how to allocate their assets. And because the employer usually offers some sort of matching contribution, employees can receive a significant boost to their savings. This employer-sponsored benefit is an important consideration for employees when choosing where to work.
Smart investment choices
Group Retirement plans offer a wide variety of investment options, so you can tailor your portfolio to your needs. And because these plans are typically managed by professional investors, you can rest assured that your money is in good hands.
Easy to set up and manage
All you need is a group of people who are interested in saving for retirement and a plan administrator. The plan administrator can be an employer or a financial institution. Once the plan is set up, the administrator will work with the group to choose investment options and make sure the plan is running smoothly.