Goldman Sachs to Buy Retirement-Plan Provider for Self-Employed

Goldman Sachs Group Inc. agreed to buy Honest Dollar Inc., a Texas startup that offers retirement services to workers without access to employer-based plans, as the firm pushes deeper into managing money for Main Street.

Honest Dollar, based in Austin, specializes in IRA-type retirement plans for those who are self-employed, independent contractors or work for small- and medium-sized businesses, New York-based Goldman Sachs said Monday in a statement. Terms weren’t disclosed for the transaction, which is expected to be completed in the second quarter.