News & Updates
Employers in California with 5 or more employees will be required to offer a qualified retirement savings plan starting as early as 2020, or face financial penalties. The state will make its public option - CalSavers - available, but a private plan offers more flexibility and tax benefits. If your groups already have a retirement plan, it might be a good time to review options since new providers are coming to market with competitive plans ahead of this new legal requirement.
Human Interest is an online retirement plan providers that offers
Benefits of a privately managed 401(k) over CalSavers (state-run IRA)
Please see Human Interest's blog post for more information on CalSavers and deadlines based on group size.
For questions, please contact your B&P Sales Rep - 888.722.3373.