Celebrating National Small Business Month
May marks National Small Business Month, a time to honor the entrepreneurs, startups, and growing companies that power our economy. At Leading Retirement Solutions (LRS), we know firsthand the challenges and rewards of building a business. As a small business ourselves, we are proud to support others across all industries and stages of growth with retirement plan solutions and expert services tailored to their unique needs.
According to the U.S. Small Business Administration, small businesses represent 99.9% of all U.S. businesses. They are the engine of job creation, accounting for nearly 63% of new jobs in the country (U.S. Chamber of Commerce). Yet, many small business owners face barriers when it comes to offering financial benefits that support employee retention and long-term planning.
Retirement Plans That Grow With Your Business
Whether you're launching a startup, expanding operations, or refining your benefits strategy, offering a retirement plan can increase the value of your business and help attract and retain top talent. Yet, research shows that only about 78% of workers at companies with fewer than 10 employees and 65% who work in companies with 10 to 24 employees lack access to a plan(AARP).
LRS helps close this gap by designing retirement plans that are flexible, scalable, and aligned with your goals. We work with companies to start new plans, improve existing ones, or implement custom, non-traditional plans that meet unique needs such are our cannabis solutions.
Funding Growth Through ROBS
Entrepreneurs looking for smart ways to finance their ventures can use our ROBS (Rollover as Business Startups) plan to access existing retirement funds tax and penalty-free. It’s an effective way to reinvest in your business and your future, all while staying compliant with IRS and DOL regulations.
Comprehensive Services That Save Time and Reduce Risk
Our clients benefit from a full suite of administrative services, including plan administration, recordkeeping, payroll integration, and more. These services are designed to be cost-effective and time-saving, helping business owners remain compliant while reducing the administrative burden on internal teams.
Additionally, our consulting and correction services help maintain compliance and prevent costly mistakes. We also work directly with your employees to answer questions, provide education, and ensure plan participation is easy and beneficial. From onboarding to day-to-day support, our hands-on approach helps your team stay informed and engaged.
Expanding Solutions Through Partnerships
LRS partners with other professional service providers, offering white label solutions that allow them to deliver retirement plans under their own brand. Our behind-the-scenes support ensures your clients receive expert service, while you expand your offerings without expanding your internal workload.
Support From Start to Finish
When it’s time to sunset a plan, we offer a clear, step-by-step termination process to ensure all compliance and documentation requirements are met. No matter what stage your plan is in, LRS is with you every step of the way.
A Long-Term Commitment to Small Business
Small businesses are the heart of innovation, job creation, and economic strength. With 81% of workers saying that retirement benefits influence their decision to stay with an employer (SHRM 2024 Employee Benefits Survey), offering a competitive retirement plan is no longer optional; it’s essential.
This Small Business Month, we celebrate the companies driving real impact in our communities. At Leading Retirement Solutions, we remain committed to helping small business owners and their employees build stronger financial futures with retirement solutions that grow alongside your success.
