New Solution Traditionally Offered to Larger Organizations Now Simplifies Retirement Planning for Smaller Organizations -- Providing Fiduciary Risk Support and An Alternative Option to State-Mandated/Voluntary Retirement Plans
HUB Retirement and Private Wealth (HUB RPW), a division of HUB International Limited, announced today the launch of HUB Retirement Select, a comprehensive solution for small- to mid-sized businesses looking for amenities traditionally afforded to large organizations, bundled into a simplified, single retirement plan solution.
“Today, employers are asked to do more to support their employees’ health and financial wellbeing and provide a clearer path to retirement,” said Joe DeNoyior, National President of HUB RPW. “HUB Retirement Select offers employers retirement amenities that are traditionally offered to larger organizations, eases the administrative and fiduciary risk burden, and adds value to their benefits offering for talent management. And it serves as a sophisticated retirement option if they’re in a state requiring a mandated and voluntary retirement plan.”
HUB Retirement Select accommodates small- to mid-sized businesses of all sizes - from owner-only organizations to those with hundreds of employees. Employers gain access to advanced technology and analytics, leading retirement benefits specialists and compliance support at an affordable cost. Also, many employees who may be unsure about investing and making retirement decisions can conveniently access investment guidance from HUB Retirement Select’s managed account services.
Additionally, HUB Retirement Select is a highly competitive alternative option to state-mandated and voluntary retirement plans for employers. In the absence of a federal mandate, nearly a dozen U.S. states (California, Illinois, Oregon, Washington, New York, Vermont, Connecticut, New Jersey, Massachusetts, and Maryland) and one city (Seattle) have already enacted mandated and voluntary retirement programs.
HUB RPW continues to strengthen its services with the addition of talent and resources that support more comprehensive strategies for clients. HUB RPW works with plan sponsors to create a retirement offering that aligns with their business strategy, while helping them navigate fiduciary risk and empower their employees to pursue their financial goals. HUB RPW provides investment advisory services on more than $93 billion in assets through its SEC-registered RIAs.
