The Marketplace

Retirement is possible.

Many small businesses and individuals don’t have access to retirement plans because of their cost and complexity.

The Washington State Legislature created the Small Business Retirement Marketplace to address this issue. The Retirement Marketplace is a website where businesses and individuals can comparison shop for state-verified, low-cost retirement savings plans. Upon choosing a plan, enrollment takes place with a private retirement plan provider.

Participation in the Retirement Marketplace is entirely voluntary for both employers and employees.

The Washington State Department of Commerce administers the Retirement Marketplace. The state does not collect personally identifiable information from site users. 

Each retirement plan listed on the Retirement Marketplace:

Must be verified and approved by Washington State officials at the Department of Financial Institutions and/or the Office of the Insurance Commissioner to ensure it complies with requirements.

Cannot charge administrative fees to employers. 

Cannot charge enrollees more than 1% in total annual administrative fees on account balances.

Must go through an annual renewal process to ensure the plan and provider remain in good standing.


(206) 256-6100
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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.

The trademarks and logos appearing on this page are owned by the respective companies named or depicted herein, and are used here by permission.

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