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) 97

401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 97

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

Achievers

FEBRUARY 2, 2021

Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. What are benefits that are voluntary?

Employee Benefits 237

Employee Benefits Family and Medical Leave Act Employee Recognition Voluntary Benefits 237