Tending to the Nest Egg: Plan Could Help Nonprofit Workers Build Retirement Security

Source: Monique Ching, Massachusetts Budget and Policy Center, May 17, 2018

Many Massachusetts workers are unable to save enough money for themselves to retire on. This is partly because setting up and managing retirement plans is often too expensive for small and employers. In late 2017, Massachusetts launched a state-administered 401(k) plan that can begin to address some of these challenges. Small nonprofits, with 20 employees or fewer, can participate in the plan.