Did you know that there is a state-mandated business retirement plan (Cal Savers) which requires employers to offer a business retirement plan to employees??
CalSavers is the state of California’s retirement savings program mandated for employers who have five or more employees and don’t offer an employer-sponsored retirement plan. Eligible employers are required to register by the following deadlines or they may be subject to state-imposed penalties: More than 100 employees Sept. 30, 2020 More than 50 employees June 30, 2021 Five or more employees June 30, 2022
North State BIA member Jon Benecke, AAMS®, CRPS® - Financial Advisor w/ Edward Jones in Roseville, CA who also holds the Chartered Retirement Plans Specialist (CRPS) designation will be the presenter of this discussion. He will be giving a brief explanation of why certain states are mandating this, important deadlines and other plans to consider such as 401k, Simple and SEP IRA options.