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Mississippi Senators Encouraged to Help Small Businesses With Retirement Plans

WASHINGTON, D.C.–If you work for a small business in Mississippi, chances are you don’t have an adequate retirement plan. Financial advisors from across the country visited their senators in D.C. Thursday as part of a yearly effort called the Grass Roots Task Force, to encourage legislation to help. That included Russell Butts, with Edward Jones Financial in Natchez.

“Our primary goal is to encourage them to consider incentives to allow small business owners to be able to offer retirement plans in such a way that is not too costly to the employer or too much administration that would keep them from feeling it’s not worthy of their time,” said Butts.

He said one goal is to help business owners come up with something that’s easier to administer than a 401K plan.

He planned visits Thursday with senators Wicker and Cochran.

INTERVIEW WITH RUSSELL BUTTS

“When you have a small business in Mississippi, it might be five to ten to fifteen employees, and at that size it can be a lot of time and a lot of cost involved and we want our representatives to consider options that would make it more streamlined for employers.”

He said representatives have traditionally been receptive to what the Grass Roots Task Force has presented. Butts said 2015 marks the 30th year that the group has been to DC to meet with Senators and Congressmen.

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