California Mandates Retirement Savings Program “CalSavers”
All California Employers with 5 or more full or part-time employees are mandated to offer a retirement savings vehicle or facilitate their employee’s access to CalSavers. A failure to comply will result in a penalty up to $750 per eligible employee. This law affects 285,00 businesses in California that have no retirement plan.
Your business owner clients are accustomed to calling the shots — and with good reason. Many built their business from scratch and achieved success through dedication, determination, and hard work. So why would they want the State of California dictating how they administer a retirement plan for their employees? They need to know their options!
New PartnershipÂ
LifeBuilders in partnership with CPS Employer Benefits are national firms focused on supporting advisors and producers working with business owners looking for the best 401(k) solutions for them, their executives, and their team members.
Grow your revenues without taking on the task of establishing and servicing a new, highly regulated line of business. We handle it all while you share in the rewards — all at zero cost to you.
Connect with us to discuss the best retirement plan solutions for your clients. We look forward to connecting with you!
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