FELS Webinar: What’s CalSavers? What are my Alternatives?
State law requires all businesses with 5 or more employees to facilitate CalSavers – a state-sponsored payroll deduction individual retirement account (IRA) – if they do not sponsor a qualified retirement plan. Registration deadlines vary based on employer size. The deadline for eligible employers with more than 100 employees is Sept 30, 2020. Seth Marten of Barsamian & Moody, Paul Yossem of Nationwide, and Jonathan Herrera of CalSavers will help you understand CalSavers and what alternatives are available to employers.
Jonathan Herrera is the Outreach & Marketing Manager for the CalSavers Retirement Savings Program, the state’s pioneering retirement savings program which will provide a path to retirement security for over seven million Californians who currently lack access to a retirement savings vehicle at work. You can review Jonathan’s presentation here.
Seth Mehrten, Barsamian & Moody (FELS’ Group Legal Services Program partner law firm) is an associate attorney for Barsamian & Moody. His practice involves all aspects of labor and employment law. He represents employers before the National Labor Relations Board, the Agricultural Labor Relations Board, the U.S. Department of Labor, Fair Employment and Housing Commission, Equal Employment Opportunity Commission, the California Labor Commissioner as well as various other state and federal administrative agencies.
Paul Yossem is Nationwide Retirement Plans Regional Vice President. Paul Yossem, C(k)P and CPFA is the Regional Vice President for Retirement Plans at Nationwide. His primary responsibility is to work with financial advisors and business owners to help evaluate their company’s retirement plan needs. He has earned both the Certified 401(k) Professional designation and the Certified Plan Fiduciary Advisor designation.
Jonathan Herrera/CalSavers Presentation