COLEMAN & HOROWITT

Read and download the article HERE. CALSAVERS: A NEW KIND OF RETIREMENT SAVINGS PLAN FOR CALIFORNIA OH, AND IT'S MANDATORY By the Firm's Labor & Employment Group To assist the 7 million-plus California employees whose employers have not established a retirement savings plan, the state has launched CalSavers, a mandatory statewide retirement savings program. Oregon and Illinois have already established similar plans. CalSavers is being phased in with a series of deadlines for enrollment based on company size with the final deadline, for companies with between 5 and 50 employees, June 30. What is CalSavers? In response to a lack of retirement savings, CalSavers ensures that nearly all working Californians can make easy, consistent payroll contributions. It offers limited simple investment options, including default settings designed to promote long-term savings. The program is intended to deliver progressively lower administrative fees over time, as economies of scale take effect. Who..

Also known as: Coleman & Horowitt, LLP

Primary location: Fresno United States