New Common 401 (k) Retirement Plan Now Available for U.S. Real Estate Agents Registered with SPARK Association of Real Estate Professionals
MADISON, New Jersey, September 28, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in United States, and Platinum 401k, Inc., the leading pension outsourcing resource in the United States, today announced the establishment of the Group 401 (k) pension plan for SPARK members. Available exclusively to all United States real estate agents affiliated with Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA® and Sotheby’s International Realty® who are Premium Level members in the SPARK Association of Real Estate Professionals personal and business benefits program, the new pension plan offers real estate agents a simple and economical way to save for their future as independent contractors.
A first of its kind in the real estate sector, the new Group 401 (k) pension plan for SPARK members offers Realogy affiliated real estate agents the ability to easily set up their own 401 (k) and take advantage of features such as an above average contribution limit of up to $ 64,500 per year and the ability to borrow tax-free for the purchase of a home or other needs. The plan also provides participants with significant relief from fiduciary responsibility, more investment options and low administrative costs.
“As independent contractors, we know that convenience, savings and versatility are essential for Realtors affiliated with Realogy, and planning for retirement can seem overwhelming and stressful at times. This is why we have established this unique 401 (k) retirement plan for our SPARK members to make the process as smooth and beneficial as possible, ”said Executive Vice President Products and Innovation at Realogy, Simon chen. “With SPARK, real estate agents affiliated with Realogy can now plan their future with confidence while working hard to achieve their professional goals.”
“We understand that many independent real estate professionals find it difficult to save for retirement because their income may vary from month to month, or because they are self-employed, they do not have access to a 401 (k) sponsored by employer. ” noted Scott reid, SPARK Membership Director. “Through SPARK in partnership with Realogy, we are happy to offer our members a way to start saving for their future and to do so easily with multiple ways to contribute from their income and without the many barriers that people setting up their own retirement plans may face such setup costs, ongoing audits and fiduciary exposure. “
SPARK is a membership association created by real estate professionals, designed to offer real estate agents a selection of personal and business benefits, including access to individual health care, disability insurance, dental care, vision and life, as well as auto and home insurance, identity theft protection, cybercrime and data breach insurance, human resources solutions, insurance against workmen’s compensation and business property or building insurance and a common 401 (k) pension plan. Additionally, SPARK offers members a list of discounts and services, including free access to FOREWARN, an instant risk management, due diligence and agent security app.
For more information or how to sign up for SPARK, visit www.SPARK-Benefits.org.
About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is moving the real estate industry into the future. As the leading and most integrated provider of residential real estate services in the United States encompassing franchise, brokerage, relocation, ownership and settlement business as well as a mortgage joint venture, Realogy has supported approximately 1.4 million real estate transactions in 2020. The company’s diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran® , ERA® and Sotheby’s International Realty®. Using innovative technology, marketing data and products, high-quality lead generation programs, and world-class learning and support services, Realogy fuels the productivity of its more than 194,200 independent sales agents in the States. United and approximately 142,700 independent sales agents in 117 other countries and territories, helping them build stronger businesses and better serve today’s consumers. Recognized for ten years in a row as one of the World’s Most Ethical Companies, Realogy has also been named a Great Place to Work three years in a row and is one of LinkedIn’s Top 2021 Companies in the United States.
About Platinum 401k, Inc.
Platinum 401k, Inc. is the premier resource in the United States for associations, advisors, and accountants looking for outsourced pension plan solutions for their members or clients. They have over thirty years of experience working with multiple employer plan clients across America.
View original content to download multimedia:https://www.prnewswire.com/news-releases/realogy-adds-industry-first-retirement-plan-offering-to-exclusive-benefits-program-for-all-realogy-affiliated-real-estate-agents- 301386718.html
SOURCE Realogy Holdings Corp.