Portable Retirement Benefits Planning

The summary for the Portable Retirement Benefits Planning grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Employment and Training Administration, which is the U.S. government agency offering this grant.
Portable Retirement Benefits Planning: The Women's Bureau (WB), U.S. Department of Labor (DOL, or the Department, or we), announces the availability of approximately $100,000 in grant funds authorized by 29 U.S.C. § 13 and the Consolidated Appropriations Act, 2016, for the Women's Bureau Portable Retirement Benefits Planning grant program. This grant program is intended to increase retirement security for low-wage workers—many of whom have never had access to retirement benefits through an employer. The grant will help nonprofit organizations (“nonprofits”) undertake certain types of program-planning activities needed to develop a portable retirement benefits program for their stakeholders or target populations. These activities must fall into one or more of the following three categories: • Assessment of the challenges and barriers unique to low-wage workers or target populations with little or no retirement savings; • Research and analysis of available opportunities and tools to expand existing or build new portable retirement savings vehicles, especially for low-wage workers or target populations; and • Research and analysis of scalable models for portable retirement benefits programs, as well as identification of legal constraints and changes to state and/or federal law that would be required in order for these models to be viable for low-wage workers or target populations. Two (2) to four (4) grants of between $25,000 and $75,000 each will be awarded. Selection of grantees will be based on the strength of the proposal, including the design, cost, innovative ideas and solutions, and ability to access relevant data to support the program.
Federal Grant Title: Portable Retirement Benefits Planning
Federal Agency Name: Employment and Training Administration (DOL-ETA)
Grant Categories: Employment Labor and Training
Type of Opportunity: Discretionary
Funding Opportunity Number: FOA-WB-16-02
Type of Funding: Grant
CFDA Numbers: 17.261
CFDA Descriptions: Information not provided
Current Application Deadline: August 26th, 2016
Original Application Deadline: August 26th, 2016
Posted Date: July 27th, 2016
Creation Date: July 27th, 2016
Archive Date: September 25th, 2016
Total Program Funding: $100,000
Maximum Federal Grant Award: $75,000
Minimum Federal Grant Award: $25,000
Expected Number of Awards: 4
Cost Sharing or Matching: No
Last Updated: July 27th, 2016
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
Eligible applicants are Nonprofit Organizations with IRS 501(c)(3) Status that work with and/or represent low-wage workers and/or that have experience with retirement benefits systems.
Grant Announcement Contact
Jeannette Flowers
Grants Management Specialist
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