Group/Individual
Vision Insurance
We can help get you a personalized retirement plan built for your business
Our customized retirement plans help keep you in charge of your employees plans. You can set up an employer contribution match, and even earn tax incentives, both of which are not available to CalSavers participants. Click here to get a custom quote and learn how a employer owned plan could better meet your company's needs than CalSavers.
Low cost plans
Simple management
We offer no added management fees and exclusively offer funds from Vanguard and other low-cost providers to help individuals save more.
We take care of plan administration, employee onboarding, investment management, government filing, and more.
Payroll integration
We securely sync data with top payroll providers like Paylocity, Gusto, QuickBooks. Zenefits and ADP to automate deductions each pay period.
California Retirement Plan Mandate FAQs
What is the retirement mandate?
When does the mandate take effect?
All California employers will soon be required to offer a retirement savings plan. You can use the state sponsored CalSavers plan, or a custom private plan such as a 401(k).
Your deadline depends on the number of employees that you have.
Which employers are affected by this mandate?
All California employers with 5 or more employees will have to abide by this mandate.
Can we provide you with 401(k) that follows the mandate?
At California Business Benefits we can provide any California based employer with a 401(k) or other retirement plan that is designed to be cost effective for you and provide great benefits for your employees.
Why a 401(k) instead of CalSavers?
The main benefit of choosing a 401(k) is that the plan is completely in your control, whereas with CalSavers the plan is much more regulated by the state. For example with CalSavers you are not able to do an employer contribution match. A feature that many employees look for when choosing a company to work for. With a 401(k) you can easily offer an employer contribution match. Also note that all employer contribution matching is tax deductible.
​
Also, as the employer, by opening a new 401(k) plan you are eligible for a tax credit up to $500 per year up to three years. This tax credit is not eligible to CalSaver participants
Another huge benefit of choosing a 401(k) is the ability to create a customizable investment plan for participants. These plans can be customized depending upon the employees investment goals and risk tolerance. On the other hand, CalSavers is more of a "on-size-fits-all" program with little customization.
​
If you are interested in learning more about what a 401(k) could look like for your organization, then click the "get started" button below.
This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Jeffrey Merwin at 949-455-0300 Investment advisory services are offered by Financial Management Network, Inc.(“FMN”) and securities offered through FMN Capital Corporation, (“FMNCC”), member FINRA & SIPC. Securities are not FDIC-Insured, are not bank-guaranteed, may lose value. FMN and FMNCC may only transact business in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. The purpose of this web site is for information distribution on products and services. Information herein is taken from sources deemed reliable and neither FMN nor FMNCC are responsible for any errors that might occur. Asset Allocation does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Neither Asset Allocation nor Diversification guarantees a profit or protect against a loss in a declining market. They are methods used to help manage investment risk. FMN/FMN Capital Corp. does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances. This site is designed to provide information about our firm and the services we offer. The information you obtain at this site is not, nor is it intended to be, legal advice, or financial advice. You should consult an attorney or CPA for individual advice regarding your own situation. FMN and FMNCC have no affiliation with any companies displayed on bar of logos.