CalSavers is a new state-sponsored retirement savings program in California that requires eligible employers without a company-sponsored retirement plan to set up Roth IRAs for employees, to which they can contribute through automatic payroll deductions.
A Roth IRA allows you to save after-tax earnings now and withdraw the money tax-free during retirement.
Registration for employers of all sizes opened July 1st 2019, and the deadline for employers with more than 100 workers is June 2020.The deadlines for companies with 50 or more employees and five or more employees are June 30, 2021 and June 30, 2022, respectively.
Join us for an education event and expert panel to discuss the new CalSavers program launched on July 1st 2019.
We will cover everything from employer requirements to proposed fees for non compliance.
Daniel Dubois, Managing Director at Retirement Benefits Group
Tom Burns, Founder & President of Premier Plan Consultants