Small Business Retirement Plan

We make retirement planning and administration easier.

HUB Retirement Select gives your employees the tools they need with the protection and support you want.

Whether your business is starting its first 401(k) plan or looking to upgrade an existing retirement plan, HUB Retirement Select can help you take that big step forward. HUB Retirement Select is specifically designed for small to mid-sized organizations who want an easy to administer 401(k) plan that addresses fiduciary risk and helps employees save for retirement. Our service options accommodate companies of all sizes—from owner-only businesses to those with hundreds of employees.

Given that over two-thirds of employees consider retirement plan benefits to be a ‘must have’ benefit, why not provide a plan that offers the latest tools and resources commonly available from large employers? With more and more states mandating retirement benefits, now is an excellent time to consider HUB Retirement Select.

What You Get

HUB Retirement Select is a fully bundled retirement plan that takes the guesswork out of plan administration and investment selection.

ERISA 3(38) Investment Management
When you choose HUB Retirement Select, you’ll have an ERISA 3(38) Investment Manager who provides the investment menu for your retirement plan – saving you time and informing you on the funds in your plan. We take responsibility for the quality of the investments and give you regular updates.

Fiduciary Risk Support
As a plan sponsor and plan fiduciary, you have legal responsibilities to ensure your plan operates in the best interests of its participants and beneficiaries. Plan administration can be challenging to navigate without the appropriate resources. HUB Retirement Select offers access to the guidance you need at a price point appropriately scaled for your business.

Intentional Plan Design
Employee behavior can sometimes undermine retirement readiness. We incorporate design features that recognize human behavioral weaknesses and work to counteract their impact. HUB Retirement Select’s default investment offering takes your employees’ evolving needs into consideration.

Quarterly Resources
We’ll keep you in the loop on what matters. You’ll receive a quarterly monitoring report that includes tools and analytics that make it easy to monitor and optimize your plan, and an economic update to help you understand the bigger picture.

How You Benefit

Retirement planning can be complicated. We make it easy and streamlined.

Support Employee Financial Wellbeing
Seven in ten employees feel that they need their employer’s help in feeling healthy and financially secure.¹ A holistic approach to financial wellness, including health and retirement benefits, provides your employees an opportunity to increase their financial confidence and retirement readiness.

Recruit and Retain Talent
While many employees consider retirement benefits as a must-have, only 58% of small businesses offered retirement benefits in 2019.² HUB Retirement Select offers you the opportunity to stand out from your peers with a major value-add to your benefits offering.

Offer More, Get More
HUB Retirement Select gives you the opportunity to offer amenities traditionally afforded to larger organizations, bundled into a simplified, single retirement plan solution. You gain access to resources from leading retirement service providers, and an institutional pricing model that may not otherwise be available to you.

¹ The Employer Perspectives on Financial Wellness Survey”, 2020

² PLANSPONSOR, “Small Business Employees Sorely Need Retirement Plan Coverage,” January 2019.

What You Get
How You Benefit

HUB Retirement Select is a fully bundled retirement plan that takes the guesswork out of plan administration and investment selection.

Retirement planning can be complicated. We make it easy and streamlined.

¹ The Employer Perspectives on Financial Wellness Survey”, 2020

² PLANSPONSOR, “Small Business Employees Sorely Need Retirement Plan Coverage,” January 2019.

Introducing HUB Retirement Select 100+

HUB Retirement Select 100+ is a Pooled Employer Plan (PEP) that puts 401(k) retirement plans in reach for employers with a minimum of 100 employees in the U.S. The plan allows multiple small businesses to join together and offer a shared retirement plan for their employees. It simplifies administrative tasks and reduces costs by consolidating resources, making it easier for smaller employers to provide retirement benefits.

HUB Retirement Select 100+ works in partnership with NPPG Fiduciary Services, the pooled plan administrator, and Transamerica to manage the recordkeeping. HUB will provide retirement advisory services, including plan management and employee investment education and communications.

Discover the advantages of HUB Retirement Select 100+

Cost Efficiency: HUB Retirement Select 100+ fosters cost savings for employers by facilitating the sharing of administrative expenses among participating businesses, particularly benefiting smaller enterprises with limited resources.

Administrative Ease: Simplifying the complexities of plan management, HUB Retirement Select 100+ grants employers respite from time-consuming tasks, effectively reducing fiduciary obligations and paperwork.

Access to Expertise: Typically, financial services providers with specialized knowledge in retirement plan management and compliance are integral to PEPs. Employers can readily access this wealth of expertise to ensure regulatory compliance and minimize the risk of errors.

Talent Attraction and Retention: By offering a retirement plan through HUB Retirement Select 100+, employers can enhance their appeal to prospective employees and bolster retention rates. A robust retirement benefit becomes an enticing element of the overall compensation package.

Fiduciary Liability Support: Sharing fiduciary responsibilities with seasoned experts can potentially decrease the employer's fiduciary liability exposure, with professionals assuming key legal responsibilities related to the plan.

Experience the advantages of HUB Retirement Select 100+ and empower your business to provide a comprehensive retirement solution for your employees.

HUB Retirement and Private Wealth offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. HUB Retirement and Private Wealth employees are Registered Representatives of and offer Securities and Advisory services through various Broker Dealers and Registered Investment Advisors, which may or may not be affiliated with HUB International. Insurance services are offered through HUB International, an affiliate.