RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Realogy Launches Retirement Plan Offering

Home Industry News
By RISMedia Staff
September 29, 2021
Reading Time: 2 mins read
Realogy Launches Retirement Plan Offering

Realogy Holdings Corp., and The Platinum 401k, Inc., a retirement plan outsourcing resource, recently announced the establishment of the SPARK Members Pooled 401(k) Retirement Plan. Available exclusively to all real estate agents in the U.S. 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 retirement plan offers real estate agents an easy and cost-effective way to save for their future as independent contractors.

The new SPARK Members Pooled 401(k) Retirement Plan provides Realogy-affiliated real estate agents the opportunity to easily set up their own 401(k) and take advantage of features such as a higher-than-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 offers members a significant offload of fiduciary liability, more investment options and low administrative costs.

“As independent contractors, we know that convenience, savings and versatility is essential for Realogy’s affiliated real estate agents, and that retirement planning can sometimes seem confusing and stressful. That’s why we established this unique 401(k) retirement plan for our SPARK members to make the process as seamless and beneficial as possible,” said Realogy Executive Vice President of Product and Innovation Simon Chen in a statement. “With SPARK, Realogy-affiliated real estate agents can now confidently plan for their futures while they work hard to achieve their professional goals.”

“We understand that many independent real estate professionals find it difficult to save for retirement since their income can vary from month to month, or because they are self-employed, they do not have access to an employer-sponsored 401(k),” said Scott Reid, SPARK membership director, in a statement. “Through SPARK in partnership with Realogy, we are pleased to offer our members a way to start saving for their future and do so easily with multiple ways to make contributions from their earnings and without many of the barriers that individuals who establish their own retirement plan can face such as set up costs, ongoing audits and fiduciary exposure.”

SPARK is a membership association that was created by real estate professionals designed to offer real estate agents a selection of personal and business benefits, including access to individual healthcare, disability insurance, dental, vision and life insurance, as well as auto and home insurance, identity theft protection, cyber and data breach insurance, human resources solutions, workers’ compensation insurance and commercial property or building insurance, and a pooled 401(k) retirement plan. Additionally, SPARK offers members a slate of discounts and services, including complimentary access to FOREWARN, an instant risk management, due diligence and agent safety app.

For more information or how to enroll in SPARK, visit www.SPARK-Benefits.org.

Tags: Industry NewsReal EstateReal Estate BrandReal Estate Brokeragereal estate newsRealogyRetirement
ShareTweetShare
Brit Owen

Brit Owen

Brit Owen is RISMedia’s Email Marketing Specialist where she collaborates with the editorial team to create email campaigns, as well as analyzes campaign data to understand performance. Before RISMedia, Brit worked as a digital marketer for the cybersecurity, healthcare, sports and entertainment, aviation and IT industries. She earned her degree in Communications with a minor in Marketing from Central Connecticut State University. FUN FACT: Brit has been an avid athlete, playing softball, tennis, dancing, wakeboarding and skysking. In 2012, she tried out for the Boston Celtic’s dance team.

Related Posts

Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020
Agents

Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020

March 21, 2023
Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO
Agents

Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO

March 21, 2023
Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike
Agents

Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike

March 21, 2023
Altrata Reveals Evolving Residential Footprint of the Ultra-Wealthy
Agents

Altrata Reveals Evolving Residential Footprint of the Ultra-Wealthy

March 21, 2023
OneKey MLS Reports Decreased Median Sale Price in southern New York
Agents

OneKey MLS Reports Decreased Median Sale Price in southern New York

March 21, 2023
Why Ousting Agents Who Aren’t the Right Fit Is as Crucial as Recruiting Ones Who Are
Agents

Why Ousting Agents Who Aren’t the Right Fit Is as Crucial as Recruiting Ones Who Are

March 21, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How Can You Better Support Your Servicemember Clients?

There are around 20 million veterans in the United States. Are you equipped to help them achieve their homeownership dreams? Learn more.

Business Tip of the Day provided by

Recent Posts

  • Existing-Home Sales Surged 14.5% in February—the Largest Increase Since July 2020
  • Anywhere Shakes Things Up, Names Lane New Coldwell Banker Realty CEO
  • Amid Some Positive Signs, Housing Affordability Struggles Continue to Affect Buyers and Homeowners Alike

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X