As small and independent business owners, we are committed to improving the quality of life for our employees and their families including their ability to retire with dignity and financial security. A state-administered retirement savings plan like Secure Choice is good for businesses like ours—it will stabilize and strengthen our community and local economy.
Too many Minnesotans do not have access to retirement savings options and small businesses face barriers in the retirement savings marketplace. As small business owners, we have a role to play in addressing the growing retirement savings gap.
We support legislation that establishes the Minnesota Secure Choice Plan -- not only is it the right thing to do but also makes good business sense. Secure Choice will help small business owners retain workers and compete with larger companies that already offer retirement benefits. We believe Secure Choice is good for small business and is good for Minnesota.