Learn about the ramifications of the California Senate Bill 1234 which has become the new law of the land. S81234, more widely known as CalSavers, is a mandatory state sponsored Roth IRA program. During the next two years, it will be phased in and require all companies with 5 or more W2s to enroll all employees at 5% of pay into the state sponsored program. Failure to comply results in a $250 per employee penalty after 90 days, and increases to $500 per employee after 180 days.
Learn how to free your clients from the state requirement and chart their own futures- while getting paid in the process. With 285,000 businesses in California being affected by this law, let us help you find a better way.
Watch the full presentation below.
Contact Information
Jim Moore
VP of Retirement Plan Services
jmoore@cpsbenefits.com
Rob Reedy
VP of Life Sales and Marketing
rreedy@cpsinsurance.com