MADISON, New Jersey, September 28, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate company in The United States, and The Platinum 401k, Inc., America’s premier retirement planning outsourcing resource, today announced the establishment of the SPARK Members Pooled 401 (k) Retirement Plan. Available exclusively to all U.S. real estate agents affiliated with Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA® and Sotheby’s International Realty® and premium members of the SPARK Association of Real Estate The new annuity plan offers real estate agents an easy and affordable way to save for their future as independent entrepreneurs.
As the first of its kind in the real estate industry, the new SPARK Members Pooled 401 (k) retirement plan gives Realogy affiliated real estate agents the ability to easily set up their own 401 (k) and features such as a higher above average contribution limit of up to $ 64,500 per year and the ability to borrow tax-free for home purchases or other needs. The plan also provides members with significant fiduciary liability relief, more investment options, and low administrative costs.
“As independent contractors, we know that convenience, savings and versatility are vital to Realogy’s affiliate real estate agents, and that retirement planning can sometimes seem confusing and stressful. That is why we have this unique 401 (k) retirement plan for our SPARK -Members created to make the process as seamless and beneficial as possible, “said Realogy Executive Vice President of Product and Innovation, Simon Chen. “With SPARK, real estate agents associated with Realogy can now confidently plan for their future as they work hard to achieve their professional goals.”
“We know that many independent real estate professionals find it difficult to save for retirement because their income can fluctuate from month to month or because they are self-employed and do not have access to an employer-sponsored 401 (k).” Scott Reid, Director for SPARK Membership. “Through SPARK in partnership with Realogy, we are excited to offer our members an opportunity to save for their future, with multiple ways to contribute from their earnings and without many of the barriers that people face with their own retirement plan build, worry, setup costs, ongoing audits, and fiduciary risks. “
SPARK is a membership association founded by real estate professionals to provide real estate agents with a range of personal and business benefits, including access to individual health care, disability insurance, dental, vision and life insurance, as well as auto and home insurance, identity theft protection, cyber and data breaches, personal solutions, workers’ compensation and commercial property or building insurance, and a pooled 401 (k) retirement plan. In addition, SPARK offers members a range of discounts and services, including free access to FOREWARN, instant risk management, due diligence, and an agent security app.
For more information or how to register with SPARK, visit www.SPARK-Benefits.org.
About Realology Holdings Corp.
Realogy (NYSE: RLGY) is moving the real estate industry into the future. As the leading and most integrated provider of U.S. residential real estate services, spanning franchise, brokerage, moving and ownership and settlement businesses, and a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company’s diverse portfolio of brands includes some of the best-known names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA® and Sotheby’s International Realty®. With innovative technology, data and marketing products, high-quality lead generation programs, and world-class learning and support services, Realogy is helping and increasing the productivity of its approximately 194,200 independent sales representatives in the United States and approximately 142,700 independent sales representatives in 117 other countries and territories help them build stronger businesses and provide the best possible service to today’s consumers. Realogy has been named one of the world’s most ethical companies for ten years in a row, has also been named a Great Place to Work three years in a row, and is one of LinkedIn’s top companies in the US in 2021
About the platinum 401k, Inc.
The platinum 401k, Inc. is America’s premier resource for associations, consultants, and accountants looking for outsourced retirement solutions for their members or clients. You have over thirty years experience working with multiple employer plan clients across America.
SOURCE Realogy Holdings Corp.
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source https://www.bisayanews.com/2021/09/28/realogy-adds-industry-first-retirement-plan-offering-to-exclusive-benefits-program-for-all-realogy-affiliated-real-estate-agents/
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