MADISON, N.J., Sept. 28, 2021 /PRNewswire/ -- Realogy
Holdings Corp. (NYSE: RLGY), the largest full-service residential
real estate services company in the
United States, and The Platinum 401k, Inc., America's leading retirement plan
outsourcing resource, today 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.
A first of its kind in the real estate industry, 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. "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. "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.
About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is
moving the real estate industry to what's next. As the leading and
most integrated provider of U.S. residential real estate
services encompassing franchise, brokerage, relocation, and title
and settlement businesses as well as a mortgage joint venture,
Realogy supported approximately 1.4 million home transactions in
2020. The company's diverse brand portfolio includes some of the
most recognized names in real estate: Better Homes and Gardens®
Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker
Commercial®, Corcoran®, ERA®, and Sotheby's International
Realty®. Using innovative technology, data and marketing products,
high-quality lead generation programs, and best-in-class learning
and support services, Realogy fuels the productivity of its
approximately 194,200 independent sales agents in the U.S. and
approximately 142,700 independent sales agents in 117 other
countries and territories, helping them build stronger businesses
and best serve today's consumers. Recognized for ten consecutive
years as one of the World's Most Ethical Companies, Realogy has
also been designated a Great Place to Work three years in a row and
is one of LinkedIn's 2021 Top Companies in the
U.S.
About The Platinum 401k,
Inc.
The Platinum 401k, Inc.
is America's leading resource for associations, advisors, and
recordkeepers seeking outsourced retirement plan solutions for
their members or clients. They have over thirty years of experience
in working with multiple employer plan clients across America.
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SOURCE Realogy Holdings Corp.