The Starter 401(k) plan is empowering hourly workers

The new(ish) plan allows many who didn’t have access to a workplace plan to save for retirement for the first time.

Retirement should be a time of comfort and enjoyment after decades of contribution to the workforce. Yet financial uncertainty and anxiety overshadows this phase of life for nearly half of working Americans who lack access to a workplace-sponsored retirement plan. The absence of accessible retirement options hits small business and service roles particularly hard, leaving millions vulnerable.