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 solution designed to simplify retirement plan management for small and mid-sized businesses and reduce administrative costs, fiduciary risk, and improve plan quality. The move is in response to increasing regulatory burdens, the 2026 launch of Minnesota's Secure Choice Retirement Program, and concerns about compliance, especially given that nearly a third of Minnesota's private-sector workers lack access to employer-sponsored retirement plans.

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.

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