Mon. May 16th, 2022

SAN FRANCISCO–()–Small business retirement plan pioneer Ubiquity Retirement + Savings® (Ubiquity) has been selected by Sallus Retirement, LLC (Sallus Retirement), an independent professional fiduciary and retirement pooled plan provider (PPP), to be the 3(16) plan fiduciary, recordkeeper, and third-party administrator of its new Pooled Employer Plan (PEP).

For business owners who previously could not afford to sponsor a plan or were concerned about fiduciary risk, as well as for the financial professionals serving them, Ubiquity’s performance of the recordkeeping and administrative fiduciary responsibilities will limit the burden and cost to small businesses joining Sallus Retirement’s PEP while optimizing the efficiency of the PEP’s operations.

“We are honored to be selected to serve as a true independent recordkeeper and administrator. This is a culmination of a 20-year effort to offer a complete suite of retirement solutions to the small business marketplace through our proprietary platform,” said Chad Parks, Founder and CEO of Ubiquity. “Solving the looming retirement crisis requires the collective commitment of all trusted advisors. The Sallus Retirement solution will enable small businesses to find retirement plans from non-traditional sources, such as wealth advisors, payroll companies and benefits brokers, filling an important void in the market.”

Since 1999, Ubiquity has paved the way for small business retirement plan access by offering low-cost, flat-fee products for both individuals and groups with its Single(k)® and Single(k)® Plus plans as well as its suite of traditional standalone 401(k) plans.

“From large, established providers to small startups, we left no stone unturned in our search for the right third-party administrator and recordkeeper for our PEP,” said James Sopha, CEO of Sallus Retirement. “Ubiquity’s truly all-digital and scalable platform, unique industry expertise, proven track record of evolving its solutions, and dedication to bringing retirement plan options to the small business market strongly align with our mission at Sallus Retirement.”

Sallus Retirement will be coming to market in the fourth quarter of this year to offer its PEP, effective Jan. 1, 2022.

About Ubiquity Retirement + Savings®

Ubiquity Retirement + Savings® is a leading financial technology company that sits at the crossroads of HCM, SaaS and robo-recordkeeping. Our mission is simple: Provide the 60-plus million Americans working for small businesses with an easy, low-cost option to save for retirement at work. For over 20 years, the firm has been a pioneer in transparent, flat-fee retirement plans for small businesses and their employees. Ubiquity currently recordkeeps over $2.8 billion in retirement savings for thousands of small businesses. To learn more, visit myubiquity.com

About Sallus Retirement, LLC

An independent, pooled plan provider registered with the U.S Department of Labor, Sallus Retirement, LLC provides small businesses and the financial professionals who serve them with fiduciary expertise and oversight, as well as expertly managed and administered workplace retirement plans. Sallus Retirement significantly reduces the high cost, risk and complexity of traditional retirement plans, helping working Americans save what they need for the retirement they want. For additional information on Sallus Retirement, please visit www.sallus.com

Sallus Retirement and Ubiquity are separate and unaffiliated firms. This release should not be construed as a recommendation or endorsement of any particular product, service or firm. This press release refers to information products or services that may be in development and not yet available. Accordingly, nothing in the release should be construed as a representation or legal agreement by Sallus Retirement, LLC to make available specific products or services, including, without limitation, concepts, systems or techniques.

By senior

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