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Retail
Empowering Maryland Retailers with Competitive Retirement Benefits
The Retail Association of Maryland proud to offer a Multiple Employer 401(k) retirement plan tailored for small and mid-sized retail businesses. This program empowers our members to provide valuable retirement benefits to employees without the administrative headaches or costs typically associated with offering a standalone plan.
Maryland Retail 401k Solutions: Simplified Retirement Plans Built for Your Business
Maryland retailers deserve retirement benefits that work as hard as they do. Our Multiple Employer Plan eliminates the paperwork, slashes costs through institutional pricing, and removes fiduciary liability—all while qualifying you for federal tax credits up to $5,000 per year. Stop losing great employees to competitors and start offering a professional 401k plan that requires almost zero effort on your part.
Health Savings Accounts for Maryland Retailers: Healthcare Benefits That Actually Help
Your Maryland retail employees work hard, but rising healthcare costs hit them harder—now you can offer Health Savings Accounts that integrate seamlessly with your 401k plan and help them save on medical expenses with pre-tax dollars. Our smart card technology, intuitive mobile app, and fast 5-day setup make it effortless to add this powerful benefit, plus we contribute $250 to the Retail Association of Maryland for every plan. Stop losing great employees to businesses with better benefits and start offering healthcare solutions that show your team you care without breaking your budget.
Why Retirement Benefits Matter for Maryland Retail Businesses
In today’s competitive job market, quality benefits help attract and retain great employees. However, many small employers avoid offering retirement plans due to complexity, compliance risk, and high fees.
Our association’s 401(k) solution changes that by:
- Helping businesses offer a meaningful benefit that strengthens their employee value proposition.
- Reducing administrative burden so owners can stay focused on running their business.
- Providing cost-effective access to institutional-level retirement infrastructure.
Whether you’re just getting started with retirement planning or considering a better alternative to your current plan, the Retail Association of Maryland 401(k) solution makes it easier and more affordable.
What Makes Our 401(k) Plan Stand Out
As a Multiple Employer Plan (MEP) sponsored through the Retail Association of Maryland and administered with trusted national partners:
- Reduced Fiduciary Responsibility - Our plan includes professional fiduciary oversight, meaning your business bears less administrative and legal risk compared to running your own retirement plan.
- Flexible Plan Features - Design features like employer matching, profit sharing, Roth options, and loan provisions allow you to tailor your plan to fit your organization’s needs.
- Best-In-Class Administration - You gain access to robust administration services that handle compliance, reporting, and IRS/DOL filings on your behalf.
- Competitive Pricing - Pooling multiple employers together creates economies of scale that can reduce overall costs and investment fees—benefiting both employers and participants.
- Support & Education Resources Your team and participants receive clear communications and help navigating plan features and retirement planning tools.
How It Works for Member Businesses
- Quick Enrollment – Easily adopt the plan as a member of the Retail Association of Maryland with guidance from our support team.
- Plan Setup & Customization – Select the features that best fit your business goals and workforce.
- Ongoing Plan Management– Enjoy professional plan administration, compliance support, and fiduciary oversight, so you can focus on your business.
This association-sponsored 401(k) gives you the advantages of a larger plan structure while preserving the flexibility your business needs.
Ready to Offer a Better Retirement Plan?
Offering a retirement benefit shouldn’t be a burden—it should be a strategic advantage.
Learn how your business can participate in the Retail Association of Maryland 401(k) Plan today.