This Plan was Built for You: Massachusetts Nonprofits
With a deep commitment to the nonprofit sector in the state, the Commonwealth of Massachusetts created a retirement plan specifically for small nonprofits with 20 or fewer employees (at the time of adoption).
The Massachusetts 401(k) CORE Plan was built for and is tailored to the Massachusetts nonprofit community. The Office of the State Treasurer sponsors the Plan and meets regularly with an advisory board made up of public benefit and nonprofit leaders across the state to stay apprised of the interests of the sector and to make sure the Plan continues to meet to the needs of the nonprofits it serves. The Commonwealth also acts as a Plan Fiduciary, so the organizations enrolled in the Plan don’t have to shoulder most of that role. This makes the CORE Plan an easy way for nonprofit leaders to offer their employees a quality, affordable benefit, without having to take on a lot of extra work. Employees are a nonprofit organization’s greatest asset. Offering a retirement plan is an effective way to attract, retain, and reward key talent.
Our mission at Adirondack is to do everything we can to help our clients succeed by providing valuable services. To that end, we’re excited to partner with the CORE Plan to introduce this retirement planning solution to our small nonprofit members of Massachusetts.
Adirondack Payroll Services is not employed by nor receives any compensation from Empower or the CORE Plan. For the full disclosure please click here