An employer sponsored 401(k) plan is an employee benefit that is hopefully highly valued by your employees. The better the plan, the more likely that your employees will perceive it as a key benefit. One way you can increase that value is by offering an employer matching contribution
California Business Owners with five or more employees must participate in the CalSavers Retirement Savings Program if they do not already have a workplace retirement plan. If you have 50 or more employees, the deadline to register is June 30, 2021 to avoid noncompliance. However, CalSavers isn't a business owners' only option and not always the best. A 401k could be a better option for your business.
If you aren't thrilled with your current 401(k) plan and not sure what to do about it. Maybe it's the high fees, the lack of support and customer service, or poor financial performance making you re-evaluate your 401(k) provider. The first step is to consider the pros and cons of your current provider.
Millennials face many obstacles when it comes to saving for retirement. Hiring the right Financial Advisor can help your employees navigate the 401(k) landscape and help them avoid the 4 common mistakes they are making with their retirement accounts.
As we are well into the third-quarter of 2020, here are 4 things every plan sponsor should be thinking about for 2021.
Even the self employed within the real estate sector can save for retirement. Consider these retirement plan options to start saving for your future.