Goldman Sachs Asset Management and Ascensus, a Dresher, Pennsylvania-based plan record keeper and third-party administrator, have launched a retirement plan program for small and midsize businesses.
The Goldman Sachs Workplace Retirement Solution provides an integrated 401(k) or 403(b) retirement program designed to support the needs of small and midsize businesses. It will offer digital advice and digital financial wellness support and use the Ascensus platform.
“This new program provides a turnkey solution that is flexible, cost-effective and simple to use. It also offers a personalized benefits experience that can help small businesses — only 53% of which currently offer an employee retirement benefits program — further differentiate themselves,” the companies said in a release.
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