As a small business owner, some of your biggest challenges are finding and retaining quality employees and managing your taxable liabilities. Setting up an employer sponsored plan can help you with both. Choosing a plan that works well for you and your business depends on several different factors, and with the passage of SB1234, California businesses with five or more employees will soon be required to provide a way for their employees to save for retirement. With no current year tax deduction, lower annual contribution rates, and less overall flexibility, is CalSavers really the best option for you, your employees, and your business?
