Small Business Retirement Savings OptionsJune 4, 2014
Starting a retirement savings plan is an important step for most small-business owners. Yet, research shows that retirement plans are less prevalent among small employers(1). Because a large number of U.S. employees work for small businesses, many future retirees end up struggling financially during their retirement years.
In 2013, U.S. Congress enacted National Save for Retirement Week and designated the third week of October to raise public awareness on the importance of saving for retirement and the various retirement vehicles available to small-business owners and other entities. NSBA corporate partner AXA supports this initiative as it has become increasingly important to have a retirement savings plan available to supplement Social Security income.
If you already have a retirement savings plan for your small business or are thinking about starting one – stop by our table during the NSBA Washington Presentation on June 23 to learn more about the innovative solutions we offer.
You can also contact our Retirement Program Specialist at 800-523-1125, or visit us at axa2plan.com to schedule a free retirement planning consultation.
About AXA Equitable AXA Equitable has been helping members of associations plan for an independent retirement for over 45 years. AXA has been an NSBA Platinum Partner since 2013 and are here to deliver a comprehensive “bundled” service that helps minimize the time needed to establish and manage your retirement plan.
(1) LIMRA’s Market Facts Quarterly. A Balancing Act – Why Many U.S. Small Businesses Don’t Offer Retirement Plans. Number 4, 2013.
The Members Retirement Program (contract form #6059) is funded by a group variable annuity contract issued and distributed by AXA Equitable Life Insurance Company, NY, NY. AXA Equitable does not provide tax or legal advice and is not affiliated with the NSBA.