Retirement plans made easy
Flexible solutions for small and mid-sized businesses
"Nearly 57 million American workers don’t have access to an employer-sponsored retirement plan."1
Franklin Templeton wants to remove the burdens of retirement plan setup and management for businesses and financial professionals. Thanks to regulatory changes and new product design, establishing a workplace retirement plan has never been easier or more streamlined. Learn about the key benefits to both employers and financial professionals.
Simplifying workplace retirement plans
Pooled retirement plans offer an easy, turnkey solution2 by providing:
1
Plan administration
2
Fiduciary services
3
Plan investment menu and oversight
Employers can benefit from:
Aggregates the many aspects of retirement plan implementation, so employers can focus on running their business and not the burdens generally associated with managing a retirement plan.
Employers can reduce investment fiduciary responsibilities and significantly reduce the plan’s administrative tasks.
Businesses are potentially able to lower their overall plan costs through economies of scale on administrative and investment fiduciary services.2
Financial professionals can benefit from:
Help businesses who may have objected in the past due to historical administrative burdens quickly and easily start a workplace retirement plan.
Expand relationships with small business owner clients by providing additional solutions to meet their holistic needs.
An easy and repeatable process provides a scalable approach to providing access to retirement savings for more small businesses.
Please contact one of our retirement plan specialists
(800) 342-5236
[email protected]
Related insights
For many wealth advisors, workplace retirement plans are either a burden or an afterthought, according to John Kutz, National Retirement Plan Strategist at Franklin Templeton. He and his team explore why embracing these plans can benefit their practice, and their clients.
The advisor of the future needs to embrace a new value proposition, according to John Kutz, National Retirement Plan Strategist at Franklin Templeton. This means moving beyond the “three F’s” and taking a more holistic approach to changing client needs.
Small business owners without workplace retirement plans now may take advantage of expanded tax credits if they establish one, according to John Kutz, National Retirement Plan Strategist at Franklin Templeton. He outlines recent regulatory and legal developments.
Important Information
1. "Payroll Deduction Retirement Programs Build Economic Security," AARP Public Policy Institute, July 2022.
2. Compared to sponsoring a plan on your own. This webpage is provided for general information purposes and highlight the collective benefits of pooled employer plan (PEP)and multiple employer plans (MEPs). MEP's and PEP's allow employers to band together under a turnkey fully bundle retirement plan. Individual plans may vary.
All investing is subject to risk, including loss of principal.
This communication is general in nature and provided for educational and informational purposes only. It should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel. Any investment products or services named herein are for illustrative purposes only, and should not be considered an offer to buy or sell, or an investment recommendation for, any specific security, strategy or investment product or service.
Choosing a pooled plan does not eliminate the need for plan sponsor to determine whether a plan is appropriate for their specific circumstances. No investment decision should be made based on this information without first obtaining appropriate professional advice and considering the circumstances. Contact your tax advisor, accountant and/or attorney before making any decisions with tax or legal implications.
Franklin Templeton does not provide legal or tax advice. Federal and state laws and regulations are complex and subject to change, which can materially impact results.