REQUIRED BY STATE LAW
According to calsavers.com, Executive Director, Katie Selenski, nearly half of working Californians are on a trajectory of retiring into economic hardship,
if they retire at all. She says an estimated 7.5 million residents work for employers with no retirement saving program.
new state law (a game changer) which takes effect on 1 July 2019, requires all businesses to sign-up for a state sponsored
program that allows all employees to participate is is a retirement saving program.
Program mandates that all business operating in the state of California
participate in this program which allows all employee the option of participation and must opt-out if they do not wish to
Starting 1 July 2019, all California business
must register as follows:
* Businesses with 100 employees
must be registered by June 30, 2020.
* Businesses with 50 or more employees must be
registered by June 30, 2021.
* Businesses with 5 or more employees must be registered
by June 30, 2022
Employees who do not want to participate in this program must opt-out.
applaud the state of California for implementing such a program and strongly encourage all employees to maximize their monthly
contributions to the maximum extent possible.
is mandatory for all California Businesses with 5 employees or MORE and all employees of those businesses must Opt-Out if
they do not wish to participate. Learn More @ CALSAVERS.COM or Call: 855-650-6916 - Laura Mecoy.
PS: Everyone needs a Plan A, (the “JOB”), at least until they
have been able to build their Plan B to the point that it support’s all basic needs. Once that occurs it may be time to step out!
Following is our Plan B, (we have a growing number of business owners who have selected
our Plan B as a Cross-Sell for their businesses …
OUR PLAN B!
This is in keeping with the following:
“If you don’t find a way to make money while you sleep, you
will work until
you die” - Warren Buffett
This is also an excellent Plan B option for
business owners … let me show you why!