CalSavers Penalties on the Horizon

CalSavers is getting ready to impose penalties on employers with more than 100 workers with no retirement plan who haven’t registered—and it’s not cheap. Read more. 

It is important to understand the business requirement of CalSavers vs. a qualified retirement plan.

Learn the difference.

At Advanced 401k Solutions, we collaborate with employers to align their retirement plans with their company goals. All while helping meet California State requirements.

If you are an employer with 5 or more employees, please reach out to us soon, so we have time to help you set up a plan by the June 30th deadline, and if you have 100 or more employees, we urgently suggest that you set up a retirement plan before CalSavers starts imposing penalties. 

Let us help you start the process. Our team takes pride in navigating our clients through the complexities of administering their company retirement plan, including the support of fiduciary duties and investment choices plan sponsors face.

Contact us for a complimentary consultation. 

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. The information provided is for educational and informational purposes only and does not constitute advice. Vance Wealth does not provide tax or legal advice. You should contact your tax advisor and/or attorney before making any decisions with tax or legal implications. Vance Wealth, Inc. (“Vance Wealth”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Vance Wealth and its representatives are properly licensed or exempt from licensure.