Honest Dollar Makes Offering Retirement Packages Easier

By: Alyson Wyers - Apr 7, 2015
References: honestdollar & springwise
This platform is designed to help small startup companies by offering retirement packages to their staff. Honest Dollar enables new ventures to provide plans to their employees by reducing the associated fees and aiding them to overcome similar barriers.

This service addresses the issue of over 70 million Americans not having a retirement plan in place. A common reason for this is the expense and hassle involved for employers. A startup itself, Honest Dollar simplifies the process of offering retirement packages with their comprehensive platform.

They also provide a more affordable option to a 401(k). Instead, Honest Dollar focuses on a SIMPLE IRA, with no set-up fees. Businesses are only charged a rate of $10 per employee every month, while workers can contribute up to $12,500 annually to their plan with lower fees.