World Insurance Introduces Payroll and 401(k) Benefits to Help Employers Stay Ahead of New State-Mandated Retirement Laws
By ALLISON HACK, National LICA Executive Vice President
New 401(k) Benefit Available to LICA Members.
LICA has partnered with Lincoln Financial and World Insurance to bring you a new 401(k) solution that’s designed to save you time and money. This program uses group buying power to make retirement plans affordable for companies of any size.
With 57 million American employees currently lacking access to retirement savings plans, states across the country are requiring businesses to offer retirement plans, with steep penalties for those who don’t comply. As of October 2024, twelve states already have mandatory programs in place, and more than thirty others have either passed or introduced simi- lar laws. Rather than waiting for your state to require action, you can get ahead of these mandates with a better solution.
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