State after state, new laws legislating employer-sponsored retirement plans are being passed in an effort to close the nation’s retirement savings gap. Typically, employers are not required to contribute to the plans – just to auto-enroll employees and administer employee contributions.
Employers who already sponsor retirement plans generally don’t need to take action. However. . .
Employers who don’t sponsor retirement plans must enroll in state-sponsored plans, such as Secure Choice programs in New York, New Jersey, and Illinois and CalSavers in California.
If you are in a mandating state and enroll in a state-sponsored plan, you now have reporting obligations and deadlines to your state . . . and Viventium is here to help.
Join Viventium’s veteran compliance expert Yonina F. Shineweather, CPA, for a survey of: