Grant’s Go-To’s: How Will SFRP’s Shape the Retirement Savings Marketplace?

Since the beginning of 2021, I’ve noticed an uptick in media stories and marketing that highlight alternatives to State-Facilitated Retirement Savings Programs (SFRPs) such as CalSavers, Illinois Secure Choice and OregonSaves. One company in California, for example, describes its Pooled Employer Plan (PEP) 401(k)s as more suitable for highly compensated employees because unlike IRAs, 401(k)s allow for employer contributions and have higher annual employee contribution limits.