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California Requires Retirement Program

California Requires Employee-Based Retirement Program

Effective June 30, 2022, the State of California will require all businesses with 5 or more employees to offer an employee-based retirement plan. You can establish your own employee plan by working with a financial advisor, or be forced to use a State-run and operated program.

At First Northern Advisors, we always have your best interest in mind.

Small business owners don’t always offer a retirement plan for their employees, but that is going to change as of June 30, 2022. Craft a retirement plan for your employees that works for your business instead of being forced into a state-run program that may not be your best fit.

Let’s discuss your options today to help avoid the State’s non-compliant fee of $250 per employee.*

Eric Hoffart                                                            
VP/First Northern Advisors
Financial Advisor, RJFS                                
(916) 375-3395                                          
[email protected]

Dave Davis
SVP/First Northern Advisors Program Manager
Financial Advisor, RJFS
(530) 745-2280
[email protected]

*Non-compliant fee becomes effective June 30, 2022

 

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