Employee retirement plans are too complex and expensive for small business owners. Endless options, hidden fees and excessive fine print put most employee retirement savings plans out of reach for small business owners. Big companies have HR departments to manage those details, but small business owners need an option that meets their specific needs.
Retirement Security Accounts for Seattle offer savings, simplicity and independence by giving participating small business owners the opportunity to offer a low-cost, easy-to-manage retirement savings plan to their employees. Under this proposal, employers could choose between two City of Seattle approved plans: a SIMPLE IRA that allows employers to contribute to their workers’ accounts, or a Payroll Deduction IRA for worker contributions only.
If authorized by the Seattle City Council, RSAs will help small business owners:
Benefits for small businesses, workers, and our community.
| Outlines a plan for Washington State operated
employer- and employee- based retirement accounts.
Fact Sheet »
What's happening with RSAs around the country.RSA Updates »
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