Concurrent Session: Choosing the Right Retirement Plan for Your Organization & How CalSavers Impacts Your Organization
CAHR21
Keyword(s)
California, California Employment Law, CalSavers, Retirement Plans
Concurrent Session:
Choosing the Right Retirement Plan for Your Organization
& How CalSavers Impacts Your Organization
presented by Jeff Andrews
The presentation starts with a dive into how CalSavers works, employers' responsibilities for participating, and the strengths and weaknesses of the CalSavers program vs. more traditional employer-sponsored retirement plans. We will analyze the different options from the standpoint of all stakeholders to help HR professionals understand the tradeoffs involved with each option. The discussion will compare administrative burdens, resources available to employers and employees, financial costs to employers and employees, regulatory environments, etc. Along the way I will share real-world situations that highlight the motivating factors HR professionals should consider in determining which option best fits the needs of their organization and employees. The presentation wraps with next steps to make great decisions on implementing a retirement savings option for an organization.
Learning Objectives include:
1. A deeper understanding of CalSavers and the employer's obligation for participating
2. A clear understanding of the differences in administrative burden, costs, and benefits to all stakeholders between CalSavers and other retirement plan options
3. How to evaluate which retirement savings option is best for an organization
Credits
HRCI - California:1.0, SHRM - PDC:1.0
Description
About the speaker...
Jeff Andrews
I started as a Financial Advisor nearly a month-to-the-day after September 11, 2001. That was a trying time for financial markets and the US economy. My first 18 months were spent guiding clients through the aftermath of Dot Com bust, a recession, and the buildup to the second Iraq War. That was a formative time for me and I learned a lot about disciplined asset management and risk management. It made me a more conservative investor. Most importantly, it taught me how crucial it is to have a plan.
One of my favorite quotes for investing comes from none other than Mike Tyson…“Everyone has a plan until they get punched in the mouth”. Now he obviously wasn’t talking about investing when he said this, but the parallels are significant. When times get tough, a well-conceived plan is crucial to helping you make good decisions. And I believe having an experienced advisor to rely on for guidance is the key to successfully navigating challenging times.
I’ve been providing advice to individuals and companies for over 16 years. I’ve spoken with thousands of people who have shared countless stories and financial situations. I use that experience every day in helping people make good financial decisions. In 2012 I formed Harmon Street Advisors with the belief that customized financial advice should be available to all individuals and organizations regardless of size and net worth… and without having to be routed through a call center.
Away from the office I enjoy water polo, camping, reading non-fiction, golf, and spending time with my wife and two daughters.
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