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.
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. Deadlines to participate are coming up and some have passed. However, CalSavers isn't a business owners' only option. And not the best option!
As a small to mid-sized business owner, offering a 401(k) is a great incentive for attracting and retaining employees. Get started by following these 3 important steps.
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.
16.1% of employers have cut matching 401(k) contributions in light of COVID-19. If you are considering suspending your 401(k) matching, here are the next steps your employees should be taking right away to still save for retirement.
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.