Summary: In 2016, California Governor Brown signed Senate Bill 1234 which stipulated the state’s Secure Choice Retirement Savings Investment Board to begin to develop a workplace retirement savings program for private sector workers whose employers don’t offer a retirement plan. The program developed by the Board is called CalSavers.
Summary: Do you want a retirement plan that provides a high level of participation and makes it easy for you to withhold employee contributions and select the investments for those contributions? Then you may want to consider an automatic enrollment 401(k) plan.
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Topics: Retirement Plans