Retirement Plan Marketplace, Financial Service Providers
The New Mexico State Treasurer’s Office, on behalf of the New Mexico Work and $ave Board, is developing protocols by which financial service providers will be approved to offer retirement savings plans to individuals, small businesses, and employees through the Work and $ave Retirement Plan Marketplace. The Retirement Plan Marketplace will be an online platform through which individuals and private-sector employers can comparison shop for low-cost, low-barrier retirement savings options. It is intended to be easy to use, informative, and a helpful tool for individuals, employers, and employees to take action and begin saving for retirement. The State Treasurer’s Office has issued a Request for Information for
financial service providers and administrators. To download the RFI, please visit https://nmsto.gov/wp-content/uploads/2021/12/NM-Work-and-Save-Marketplace-RFI-2021-001.pdf. The response date is January 18, 2022. Respondents should submit the information via email only to: David Mahooty, CFO, at [email protected].