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THE SMART ALTERNATIVE TO CALSAVERS

 

INTRODUCING VALUE POINT ASSOCIATES

YOU HAVE OTHER RETIREMENT PLAN OPTIONS FOR SATISFYING THE STATE MANDATE

In an effort to help today’s workforce save for a financially-secure future, the state of California is requiring that all employers with five or more employees offer some type of retirement plan for their workers, based on the following timeline:

CalSavers—the state-sponsored plan—offers a very basic Roth IRA for building your retirement savings. But with contribution limits of $6,000 per year, can CalSavers really help your employees achieve a secure financial future—or does it just “check the box”?

We applaud California for leading the way on this critical initiative and helping Californians better prepare for financial security in retirement. But CalSavers is NOT the only retirement plan that satisfies the California mandate.

 

 

VALUE POINT ASSOCIATES OFFERS A BETTER OPTION FOR YOU AND YOUR EMPLOYEES

Value Point Associates (VPA) delivers “large-company” benefits to small and medium size businesses—at cost. VPA benefits include 401(k) plans custom-designed specifically for your business, as well as group insurances.

Our collective size gives us the same bargaining power as large corporations. We negotiate very favorable rates and work with respected nationally-recognized providers—including Vanguard®, Broadridge Financial Solutions, and others.

VPA handles the benefit administration, so you save administrative time. Plus, because VPA is the plan sponsor instead of you, your liability and risk are substantially reduced.

 
 

401(k) VS CALSAVERS

Why choose a VPA 401(k) plan over CalSavers? The VPA plan doesn’t just meet the requirements of the state mandate. It enables you and your employees to save far more toward retirement and provides the potential for higher earnings.

Unlike the CalSavers plan, contributions to a 401(k) plan are made with pretax dollars, and are deductible from your taxable income. Plus, as an employer, you’ll enjoy other tax advantages that CalSavers can’t offer.

Let’s compare the key differences...

*Certain eligibility requirements must be met.

Ask about the Cash Balance Plan with IRS pre-tax contribution limits as high as $336K.

 

 

10 DAYS TO A 401(k)

Whether you’re closing in on your deadline to meet the mandate or still have some time, VPA can customize and implement a 401(k) plan for your business in just 10 days. In addition to meeting the state-mandated requirements, offering high-quality, affordable employee benefits is the best way to attract and retain the best talent for your business.

 

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