Colorado is just another state that is offering a payroll deduction IRA program, forcing businesses to offer this program if they have five or more employees. I\u2019m in favor of anything that offers increased retirement plan coverage.<\/p>\n\n\n\n
Over 40% of private employees in Colorado don\u2019t have access to a retirement plan at work, so this is a good thing. While many plan providers don\u2019t want to compete against the government in the retirement plan space, I believe that many Colorado employers would rather join a multiple employer plan, a pooled employer plan, or their own single-employer plan because of the fear of having the state government involved in the retirement plan business. In states like Colorado, I believe this is an opportunity to get employers who would never get a plan, forced to start one because they don\u2019t want to be enrolled in this state program. When it comes to retirement, I believe that many employers just have. The negative view of government and retirement savings, knowing full well the status of Social Security.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" Colorado is just another state that is offering a payroll deduction IRA program, forcing businesses to offer this program if they have five or more employees. I\u2019m in favor of anything that offers increased retirement plan coverage. Over 40% of … Continue reading