OneDigital offers retirement plan for small businesses
The offering aimed at companies with 100 or fewer employees includes a financial wellness component.
OneDigital, an Overland Park, Kansas-based insurance and financial services firm, has launched a program aimed at small businesses that combines a defined-contribution plan offering with a financial wellness program.
Joining other providers that have entered the small-plan market in the wake of recent regulatory changes encouraging pooled employer plans and multiple employer plans, OneDigital’s offering is aimed at businesses with 100 or fewer employees.
OneDigital said the solution also integrates with existing health benefits coverages, allows for outsourcing of administrative and fiduciary responsibilities associated with the plan, and provides ongoing investment support and advice at the employer level as well as personalized coaching and investment support designed specifically for each employee.
[More: UK experience suggests small-business plan mandate works]
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