Less than 3 weeks away from Cal Savers (CA Retirement Mandate)
focusyourfinance.substack.com
If you are an employer in California, you should be aware of the state's new retirement savings program called CalSavers. This is especially important if you have employees who receive a cash match contribution from their employer. If your company is subject to CalSavers and fails to enroll eligible employees by the program deadlines, there is a $250 penalty for each employee (up to a maximum fine of $2,500 per employee)
Less than 3 weeks away from Cal Savers (CA Retirement Mandate)
Less than 3 weeks away from Cal Savers (CA…
Less than 3 weeks away from Cal Savers (CA Retirement Mandate)
If you are an employer in California, you should be aware of the state's new retirement savings program called CalSavers. This is especially important if you have employees who receive a cash match contribution from their employer. If your company is subject to CalSavers and fails to enroll eligible employees by the program deadlines, there is a $250 penalty for each employee (up to a maximum fine of $2,500 per employee)