"We achieved a lot when we left the Beltway, refocused and returned to our business plans and our customers.” Ryan Gilbert writes about the industry effort that went into “A Framework for FinTech,” a paper released in the final days of the Obama administration. Read his American Banker piece here.
The employer-sponsored retirement plans market grew from $4.4 trillion in 2014 to over $6 trillion by 2016. Yet, small businesses struggle to offer retirement plans because they are expensive and hard to administer. Of companies with fewer than 100 employees, only 45% had 401(k) plans in 2015. Even when employers offer retirement plans, they can’t force employees to participate or guarantee they will. According to the Department of Labor, nearly one-third of eligible workers don’t participate in their employer’s sponsored...
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