20 MAR 2025 / SERVICES UPDATES

Boulay Financial Advisors Launches RetireNAV(k) to Ease Retirement Plan Burden

- MYCPE ONE Insights Team

Summary

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Boulay Financial Advisors, LLC has introduced RetireNAV(k), a pooled employer plan (PEP) intended to ease retirement plan management for small to mid-sized firms, and also to reduce fiduciary and compliance risks. The initiative is essential due to increasing regulatory pressures, the forthcoming 2026 Minnesota Secure Choice Retirement Program, and the reality that over one-third of private sector workers in Minnesota lack access to employer-sponsored retirement schemes.

Boulay Financial Advisors, LLC has launched RetireNAV(k), a pooled employer plan (PEP) aimed at simplifying retirement plan management for small and mid-sized businesses. This move comes in response to increasing regulatory burdens, the 2026 launch of Minnesota’s Secure Choice Retirement Program, and growing employer concerns about fiduciary risk and compliance.

RetireNAV(k) helps companies outsource fiduciary responsibilities, reduce administrative costs, and improve plan quality, critical at a time when over 60% of businesses report feeling overwhelmed by plan oversight. As SECURE Act 2.0 continues to reshape the retirement landscape, Boulay’s new solution ensures compliance and access to expert-managed plans for employees.

Partner Meghan Hannon noted that RetireNAV(k) is “especially critical in Minnesota,” where nearly one-third of private-sector workers lack access to employer-sponsored retirement plans.

Until next time…

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