Blog
April 26, 2021
Legislative Update Part Two
In this article we bring you part two of the legislative updates for the Cycle 3 restatement. Learn more about the new legislation as well as what to do next. There is a tremendous amount of administrative compliance involved with these new laws.
March 29, 2021
State of California Mandates Employer Retirement Plans
Important retirement plan requirements for California employers! In 2016, California passed legislation requiring all employers with five or more employees, who do not have a company retirement plan, to offer a state-run retirement program to their employees. The law became effective in 2020 and this program is known as Cal Savers.
March 26, 2021
Sixth Annual BEI Golf Classic COVID-19 Update
Due to COVID-19 restrictions still in place, the Sixth Annual BEI Golf Classic is postponed until further notice.
We look forward to rescheduling this premiere event benefiting the Council on Aging Southern California sometime later this year or early in 2022.
February 18, 2021
Legislative Update
In this important article regarding mandatory retirement plan changes required by the IRS, we discuss frequently asked questions about the Cycle 3 restatement. Our experienced staff at Benefit Equity Inc. (BEI) can prepare the restatement for you, along with other required amendments.
January 21, 2021
What Happens When You Terminate 20% or more of your Employees?
The recently enacted Consolidated Appropriations Act, 2021 (Act) is a massive, 5,593-page piece of legislation. The Act includes appropriations for the U.S. government for the upcoming fiscal year, as well as funding for Coronavirus emergency response and relief. If you have had a 20% or more reduction in staff, we strongly recommend you check with Benefit Equity Inc.’s knowledgeable team to explore if your company is required to fully vest terminated employees.