Deadline looms for small employers to establish retirement programs

The CalSavers program requires for-profit and non-profit employers with five or more employees, at least one of whom is age 18, to offer their employees either an employer-sponsored plan that offers favorable federal income tax treatment under the Internal Revenue Code or the CalSavers state-sponsored retirement plan. According to the CalSavers website, the CalSavers program “ensures nearly all Californians have access to a workplace retirement savings vehicle by offering employees a completely voluntary, low cost, portable retirement savings vehicle… .”

Click here to read the full article written by SCMV Shareholder Dan Eaton and published in The San Diego Union-Tribune.

Click here for a printable version.

May 23, 2022  |  Categories: News, Employment Law
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