Allows participants to defer money into a Traditional IRA, and have it grow tax deferred for retirement. Contributions may be tax deductible, subject to IRS guidelines.
24/7 web and mobile access and dedicated customer service line.
Access to a financial planner in selecting funds and answering investment questions.
Ability to make monthly automatic contributions that can be put on hold at any time.
A Traditional IRA is an individual retirement account that offers tax-deferred growth and taxes are not due until withdrawals in retirement. Traditional IRA rules dictate that after age 59½, you can withdraw your money whenever you wish and pay income taxes at that time. Contributions may be tax deductible, subject to IRS guidelines.
The Small Business Retirement Marketplace is administered by the Washington Department of Commerce as established in RCW Chapter 43.330.730-750. Plans carried on the Retirement Marketplace are verified by the Department of Financial Institutions and/or the Office of the Insurance Commissioner to meet the requirements set forth in RCW 43.330.732(7) and 735(6)(a).
Enrollment in plans on the Retirement Marketplace is voluntary. Plan enrollment is managed by private financial services firms. Saving through certain plans will not be appropriate for all individuals. Employer facilitation of most retirement savings plans carries certain legal obligations for which employers are entirely responsible. Contributing to a retirement savings plan may offer tax benefits and/or consequences. Other private sector plans not offered on the Retirement Marketplace may charge lower fees. Consult your tax or financial adviser with questions related to investments.
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