{"id":1004669,"date":"2021-03-24T09:07:34","date_gmt":"2021-03-24T13:07:34","guid":{"rendered":"https:\/\/www.sbnphiladelphia.org\/?p=1004669"},"modified":"2021-04-28T16:57:50","modified_gmt":"2021-04-28T20:57:50","slug":"sbns-new-retirement-membership-benefit","status":"publish","type":"post","link":"https:\/\/www.sbnphiladelphia.org\/miscellaneous\/sbns-new-retirement-membership-benefit\/","title":{"rendered":"What you need to know about SBN\u2019s new retirement membership benefit"},"content":{"rendered":"\n\n

Your business\u2019 health and well-being are essential to our local economy. Following a year that exhausted whatever savings many businesses had, and exacerbated long-standing economic inequities, SBN wants to see your business grow and thrive while making sure that you and your employees are protected.<\/span><\/h4>\n

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Through the help of our partner and member Entrust Financial<\/a>, we are launching 401(k) retirement options to the diverse local independent businesses in our network that also invest in social and environmental good. Entrust Financial is a small, local, women-owned B-Corp, and SBN has partnered with this boutique wealth management firm to ensure that our 401(k) retirement plans were focused on impact investing.<\/span><\/p>\n

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Why should you consider a 401(k) plan for your business?<\/h5>\n

It\u2019s an easy way to help you and your employees save for retirement, while also acting as a valuable recruiting and retention tool. Research shows that half of American families have no retirement savings, and less than half of small businesses offer a retirement plan.\u00a0<\/span><\/p>\n

SBN\u2019s 401K plans allow you and your employees to put money into funds that invest capital back into our local economy and were specifically curated with the mission and values of the triple bottom line in mind.\u00a0<\/span><\/p>\n

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Why impact investments?\u00a0<\/h5>\n

By offering impact investments in a 401(k) menu of options, you can direct where your money is going. Impact investments may proactively advocate for core business values in the companies in which they invest. They can also <\/span>avoid<\/span><\/i> the purchase of companies who persist in putting company profits before people, the planet, and governance issues.<\/span><\/p>\n

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Here\u2019s what else you should know about the SBN 401(k) retirement plan:\u00a0<\/span><\/h5>\n