Small Business Retirement Plan Made Easier

The Labor Department released a final rule to make it easier for small businesses to band together to create joint 401(k) retirement plans for workers. The rule deemed as Association Retirement Plans (ARP’s), which takes effect Sept. 30, broadens the ways companies could join to offer retirement accounts.

Under the rule released Monday, companies in different industries—for example, healthcare, manufacturing and technology —could create a joint plan if they are located in the same state or metropolitan area.

According to the department, under the retirement-plan rule, smaller companies would be able to use the larger scale of the combined businesses to lower administrative costs and burdens associated with starting and administering such a plan.

At Benzer Capital, we specialize in assisting businesses set up and administer high quality, low cost retirement plans with specialized guidance for sponsoring employer and employees. See how we can help or request for a complementary retirement plan consultation, reach us at 713-979-2300 or visit us at