Ubiquity Retirement + Savings® (Ubiquity), a financial technology pioneer in flat-fee small business retirement plans, today announced its partnership with Paycor HCM, Inc. (Paycor) (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, in an effort to further their mission of providing more individuals with the ability to save for retirement through their employer.
Through the partnership, Paycor is able to refer small business owners and startups to Ubiquity to provide an array of affordable, flat fee retirement benefit solutions. The implementation and coordination of the retirement savings benefit will happen in a streamlined, turnkey fashion, lessening the administrative burden of starting a plan.
“For over 18 years, we’ve remained committed to working with independent payroll providers across the country to offer a competitive, integrated solution,” said Chad Parks, Founder and CEO of Ubiquity. “More than half of the workforce does not have access to a retirement savings plan through their employer. Through this partnership, we are taking another step toward our goal of solving the looming retirement crisis by providing turnkey solutions that allow small businesses access to affordable retirement offerings.”
“We are very excited to partner with Ubiquity who offers high-quality, affordable, digital retirement plans for small businesses and startups,” said Joe Frassica, Executive Vice President, Digital Sales, at Paycor. “We value Ubiquity’s extensive experience in providing retirement offerings to small businesses with their proprietary recordkeeping platform Paradigm RKS™, as well as their company culture, and highly experienced team.”
Ubiquity also plans to rollout a suite of IRA solutions this year to meet the needs of companies where a 401(k) may offer more savings than is needed, and to satisfy state retirement plan mandates. Additionally, a Pooled Employer Plan (PEP) solution will be available.
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