In California, legislation was passed in 2016 to require all small businesses with 5 or more employees to offer a retirement plan by June 30th 2022. The mandate is rolled out over a 3 year period starting with employers of 100+ employees to offer a plan as of September 30th, 2020. The state provided plan is called "Calsavers". While this state plan costs the employer nothing, the funds within the plan bear a cost and the administration of the state plan comes with significant administrative effort. This seminar will review the Calsavers deadlines and how employee count is calculated, a description of the plan, pro's and con's, then a comparison of the state plan to a traditional 401k plan with associated costs.
- Access through the Net of Knowledge platform in your own learning account.
- Need the CEUs? You will be able to purchase these after the event through CSOMA! (Free for CSOMA Members)
- Live event with the opportunity to ask the teacher questions.
- Lifetime access to the recordings where you can take bookmarks and notes and review year after year.