401(k) Fridays Podcast

State Sponsored Retirement Plans - The Why, What and If For Employers

Informações:

Synopsis

Whether you are aware of it or not, several individual states are getting ready to launch state sponsored retirement plans.  Their intent is to help workers who are not eligible for or not offered a retirement plan through their employer.  What you also might not know is that in the Pacific Northwest, Oregon, the Beaver State, is likely going to be the first state with a live program with a scheduled launch on July 1st, 2017.  For most employers, the reactions and questions have been pretty consistent, why are the states going down this path, how will the programs work, if we already offer a retirement plan what does this mean to us?  Well, it wouldn’t be like me to leave you guessing on what all this means so I was excited to have Joel Metlen, the Public Engagement Manager from the Oregon State Treasury Department and the OregonSaves retirement plan join me to address these questions and much more.  Even if you don’t have an office or employees in Oregon, much of what we talk about is broadly applicable to w