1871 joined Transamerica Retirement Solutions and Mesirow Financial to announce a new retirement plan benefit that will soon be available to all 1871 companies and alumni members. The new offering will allow smaller teams and startup companies access to retirement benefits, which is powered by Pinnacle Financial Services, Inc.
The announcement of the 1871 Retirement Plan Exchange is the latest in a series of offerings aimed at ensuring that entrepreneurs can extend to their employees the same benefits that they might find in traditional corporations.
“Adding a retirement benefit plan to our robust set of resources further distinguishes 1871 from other incubators and co-working spaces. These resources support entrepreneurship by making it easier for people to leave traditional jobs to become entrepreneurs and enables those entrepreneurs to recruit and retain top talent.” —Howard A. Tullman, CEO, 1871
The 1871 Retirement Plan Exchange offers custom retirement plans that can be developed to fit employee demographics and unique business needs. The exchange enables employees to manage their accounts through an online platform and supports a significant amount of the retirement plan administration for employers, making it easy for startups and small teams to maintain.
“The Retirement Plan Exchange is an innovative and cost effective solution for small businesses looking to offer a 401k retirement option to their employees. This solution not only provides business owners an easy way to adopt retirement plans, but also outsources most of the day-to-day administrative responsibilities to the Transamerica and Pinnacle teams. This allows small business owners to focus on their main goal: creating and growing their business.” —Kristie Paskvan, CFO/COO, Mesirow Financial, Inc.
In addition to the new 401k exchange, 1871 offers a suite of perks, services and benefits to its members in an effort to expand the viability of and potential for entrepreneurship. Other offerings include a health care exchange that offers health, dental and vision insurance, as well as a student loan repayment benefits option which is offered through member company Peanut Butter. Resources offered to members include one year of discounted access to password and asset security services through Keeper Security, one year of complimentary access to DocuSign, discounted downtown parking through SpotHero, and free software and credits for Microsoft Azure cloud services and support, among more than 50 others.
"Seeing yet another corporate benefit added to 1871’s lineup of offerings is fantastic. Operating a startup is challenging on every single front, so to have the ability to reliably plan for retirement and provide healthcare for our families and employees is a massive burden lifted.” —Reva Minkoff, Founder, Digital4Startups
About Mesirow Financial
Mesirow Financial is a specialist in investment, risk management and advisory services, committed to helping its clients achieve their objectives. As an independent, employee-owned firm, it develops tailored solutions that deliver measurable results since 1937. For more information, please visit mesirowfinancial.com.
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