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. Please click here to download the RFI. The response date is January 18, 2022.
Please note: Questions and answers regarding the RFI can be found in this post: https://nmsto.gov/2022/01/questions-and-answers-rfi-for-retirement-plan-marketplace-financial-service-providers/