401(k) Fridays Podcast

There are three state run retirement plans that are now live.  Despite the fact they have been in the news, there are still a lot of questions about what they are, how they work and how they impact employers and employees who already have a 401(k) or other workplace retirement plan.  To help provide some information and clear up misperceptions I am excited to have Katie Selenski, the Executive Director of CalSavers, the newly launched California state retirement plan join on the podcast.  During our conversation, Katie takes care of the basics and also shares the highlights of some research they did when preparing to launch their plan, some of which might be a bit surprising and other points could help employers with some decisions about their own retirement plans.  We also discuss the profile of the businesses that will benefit from state plans, how wage theft laws provide some protection to employees who participate in them, whether there might be a national plan at some point in the future and what’s next