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New Laws for 2023 part II

InterWest Insurance Services

DECEMBER 20, 2022

Currently only companies with five or more employees who do not offer a retirement plan are required to enroll their workers in CalSavers. Employers that don’t provide a retirement plan for their workers, and who fail to register, can face a penalty of $250 per employee, as well as additional penalties for sustained noncompliance.

401(k) 86
401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 86
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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

NOVEMBER 2, 2023

Department of Labor explains that the Employee Retirement Income Security Act (ERISA) covers two main types of retirement plans: defined benefit plans and defined contribution plans. Defined benefit plans promise a specified monthly benefit at retirement.

401(k) 52
401(k) Disability Insurance Benefits Package Insurance 52
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