Under a new partnership announced today, Paycor will refer small businesses and startups to Ubiquity Retirement + Savings for “affordable, flat fee retirement benefit solutions in a streamlined, turnkey fashion, lessening the administrative burden of starting a plan,” according to a statement released by the companies.
Ubiquity, a San Francisco-based financial technology pioneer in flat-fee small business retirement plans that has helped more than 10,000 businesses contribute over $3 billion toward retirement savings, teamed up with Cincinnati-based Paycor HCM, Inc., a provider of human capital management (HCM) software, in an effort to further their mission of providing more individuals with the ability to save for retirement through their employer.
“For over 18 years, we’ve remained committed to working with independent payroll providers across the country to offer a competitive, integrated solution,” said Chad Parks, Founder and CEO of Ubiquity. “More than half of the workforce does not have access to a retirement savings plan through their employer. Through this partnership, we are taking another step toward our goal of solving the looming retirement crisis by providing turnkey solutions that allow small businesses access to affordable retirement offerings.”
“We are very excited to partner with Ubiquity who offers high-quality, affordable, digital retirement plans for small businesses and startups,” said Joe Frassica, Executive Vice President, Digital Sales, at Paycor. “We value Ubiquity’s extensive experience in providing retirement offerings to small businesses with their proprietary recordkeeping platform Paradigm RKS, as well as their company culture, and highly experienced team.”
Ubiquity also plans to roll out a suite of IRA solutions this year to meet the needs of companies where a 401k may offer more savings than is needed, and to satisfy state retirement plan mandates. Additionally, a Pooled Employer Plan (PEP) solution will be available.
Last fall, Ubiquity launched Single(k) Plus, a full-service solo 401k plan with recordkeeping capabilities tailored to solopreneurs, freelancers and the self-employed.
SEE ALSO:
- Ubiquity Unveils Streamlined Recordkeeping Solo 401k
- Ubiquity Introduces ESG Funds to Small Biz 401ks
- Ubiquity Announces Record-Breaking Growth in 2022
- Just 1 in 4 Small Businesses Currently Offer a 401k
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
