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NJBIA Retirement Solution

The Secure Choice legislation being enacted in 2022 mandates employers with 25 or employees must offer a retirement savings plan. Those that do not, will be enrolled in the New Jersey Secure Choice plan or face substantial financial penalties.

NJBIA is offering its members a solution. Help your employees achieve retirement security with our high-quality 401(k) and profit-sharing plan that can save you thousands each year. Whether you are looking for an alternative to the state-run plan or you simply want to compare your existing plan to ours, complete the form to the right and we will provide detailed comparisons.

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"Giving members more options, with better service, at lower cost."

Delivering Value to Members of Every Size

Power in Numbers: Through a Multiple Employer Plan (MEP), NJBIA members have the opportunity to join with other employers and leverage power in numbers. Get access to customizable, fiduciary-managed, top-shelf plans with very low expense ratios.

Significant savings: Companies could save $40,000 when comparing expenses, fees, audits and the HR time associated with administering your own plan vs. NJBIA’s Retirement Solutions. Now that’s savings you can’t beat!

Recruit and retain valuable employees: Employees consider a retirement plan to be a vital part of their compensation package. In fact, 60% of employees are likely to switch jobs for a similar job with a retirement plan.

The most valuable cost savings can be found in the elimination of audit fees.  A 401(k) plan audit is REQUIRED every year for every employer with over 100 employees participating in their plan.  The average cost of a 401(k) plan audit can run between $8,000 to $10,000 per year which is completely ELIMINATED once you join a MEP.  The overall NJBIA Multiple Employer Plan does get audited every year, however NJBIA picks up the cost!  Each participating employer of the program will be subject to a limited scope audit, drastically reducing the work and requirements you if you were to be audited independently.

Under 24 Employees startup plan savings:

Under 24 Savings

25-99 Employees with $1,250,000 in assets:


100+ Employees with $5,000,000 in assets:

The benefits of adopting a retirement plan through a MEP:

  • Cost savings as compared to operating your own employer plan
  • Less administration time – more time to grow your business!
  • Fiduciary support
  • Plan flexibility
  • Access to more investment choices
  • Tax deductions
  • Employee retention and recruitment
  • And many more

Plus, exceptional service: To ensure employers and employees receive the full benefit of their retirement plan, additional resources are provided including enrollment meetings with each employer/employee, one-on-one review of current retirement standings with a licensed Financial Advisor, annual or semi-annual reviews of portfolios and more.

Learn more: There is no obligation and no pressure. Explore the program and get a quote specifically designed for your business.

Administered  by Employers Association of New Jersey

PricingCompany Membership
Annual dues schedule based on number of full-time-equivalent NJ employees:
Annual Dues $370 1 Employee Get Started
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Talk with our membership department and learn how NJBIA is for a business like yours.

Annual membership dues cover a 12-month period, beginning with the month your membership begins. There will be no refund of any part of an employer’s dues because of termination of membership during the 12-month period.
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The Benefits of Membership

For more than 110 years we have been focused on the advancement of competitive excellence and financial success of our members. We are the voice of thousands of businesses bound together to build a more prosperous New Jersey by providing advocacy, support, networking and exclusive money savings benefits to businesses throughout the 21 counties of the Garden State.