Starter 401(k) plans offer small businesses and startups a simplified, cost-effective way to provide a retirement savings option to their employees. With no IRS nondiscrimination testing, these ...

That’s the takeaway from the latest retirement savings report from Fidelity, a leading plan manager. In the first three months of 2025, the total 401(k) savings rate on Fidelity plans reached 14.3%.

Vestwell, the program administrator, estimated in 2023 that once it is fully operational, more than 800,000 workers in New Jersey without access to a retirement savings plan could have one.