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NJBIA Retirement Solution

Secure Choice legislation mandates employers with 25 or more 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 can join with other employers and leverage power in numbers. Access 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 their plan vs. NJBIA’s Retirement Solutions. Now, that’s savings you can’t beat!

Recruit and retain valuable employees: Employees consider a retirement plan 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 eliminating 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 and $10,000 per year, which is ELIMINATED once you join an 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 would have if you were to be audited independently.

Watch a recording of our recent webinar describing NJBIA’s 401K Solution with James O’Donoghue of BCG Group, NJBIA’s Retirement Solution Provider.

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 $400 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. Get Started by creating a user account and JOIN the largest and most influential state-level business association in the United States.