News Release

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Release Date: April 8, 2008
Release Number: 08-444-NAT
Contact Name: Gloria Della/Richard Manning
Phone Number: 202.693.8664/202.693.4676

U.S. Labor Department unveils online video to help small employers select appropriate retirement options

Washington – The U.S. Department of Labor today released a new online video to help small employers and accountants understand the various options for providing a retirement program for their employees. “Choosing a Retirement Solution for Your Small Business” introduces employers to the three most popular retirement arrangements.

The video portrays real-life experiences of four small employers that operate simplified employee pension (SEP), savings incentive match plan for employees individual retirement arrangement (SIMPLE IRA) and 401(k) plans. It focuses on the ease in setting up a retirement program appropriate for small business owners as well as the advantages of sponsoring a retirement plan, including tax breaks and as a tool to attract and retain a quality workforce.

“Today, there are many retirement plan options for small employers. The experiences of the small business owners featured in the video show how simple and valuable a retirement plan can be for small businesses,” said Assistant Secretary of Labor for Employee Benefits Security Bradford P. Campbell.

The video is available online for download.  Visitors to the site also may place DVD orders. The video was developed with the assistance of the American Institute of Certified Public Accountants, which partners with the Labor Department in educating accountants on retirement savings options.

Free copies of a companion booklet of the same title is available online at www.dol.gov/ebsa (under Publications) or by contacting the Employee Benefits Security Administration toll-free at 866.444.3272.

U.S. Department of Labor news releases are accessible on the Department's Newsroom page. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the COAST office. Please specify which news release when placing your request at 202.693.7828 or TTY 202.693.7755. The U.S. Department of Labor is committed to providing America's employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit the Department's Compliance Assistance page.