In this recent MarketWatch article, VP Lisa Massena discusses how state-facilitated retirement programs have motivated employers to reconsider the retirement benefits they’re offering employees. “This is a rising tide that floats many boats,” she adds, indicating that those employers eligible for the program that might prefer a private retirement plan option are now entering that decisioning process. “For us, that’s a win, too,” states OR Treasurer Tobias Read. The article also features commentary from Luke Huffstutter, owner of Anastasia Salon and an employer who is currently enrolled in the OregonSaves program. He describes the program as the answer to a problem he had been facing for years: profitability issues that made it difficult for him to sustain a 401(k) plan to help his employees invest in their future.
