Helping business owners navigate the changing regulatory landscape around retirement plans

California business owners are facing a new reality as the state has joined others in a move to expand retirement plan coverage for workers. The CalSavers Act mandates that all businesses with 5 or more employees offer employer-sponsored retirement plans for their workers. The mandate came into effect on September 30, 2020 (for businesses with over 100 employees) and will require compliance from all medium-sized and small businesses in California through June 30, 2022: 

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