SAN FRANCISCO--(BUSINESS WIRE)--Small business retirement plan pioneer Ubiquity Retirement + Savings® (Ubiquity) today announces the introduction of environmental, social and governance (ESG) fund options to its 401(k) offerings. Plan sponsors now have the opportunity to incorporate socially responsible investments into their plan’s investment portfolios.
Ubiquity’s turnkey ESG investment lineup includes low-cost mutual funds and exchange-traded funds (ETFs) from Vanguard, and is currently available for participants in the firm’s Custom(k)® and Reserve(k)® plans.
“Just like personal values, investment strategies are not one-size-fits all,” said Chad Parks, Founder and CEO of Ubiquity. “With our new socially responsible investment portfolio, small business owners can empower employees with the opportunity to save for the future while applying their savings toward the causes they care about most.”
This news comes amid an increasing demand for ESG and socially responsible investments across the globe. Investments in U.S. ESG funds surpassed a record $51 billion in 2020, more than double the total from the previous year and a nearly tenfold increase from 2018, according to Morningstar.
“Ultimately, it’s about the power of choice,” said Ashvin Prakash, Ubiquity’s Director of Product Development. “ESG investing has just recently become more accessible to Main Street investors. Offering these options in 401(k)s will give small businesses everywhere a competitive edge and help promote plan participation.”
For more information, please visit myubiquity.com.
About Ubiquity Retirement + Savings®
Ubiquity Retirement + Savings® is a leading financial technology company that sits at the crossroads of HCM, SaaS and robo-recordkeeping. Our mission is simple: Provide the 50-plus million Americans working for small businesses with an easy, low-cost option to save for retirement at work. The firm was a pioneer in transparent, flat-fee retirement plans, and for over 20 years, has helped more than 9,000 businesses contribute over $2.5 billion toward retirement savings. To learn more, visit: www.myubiquity.com.