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Legislative Update Part Two

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.

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State of California Mandates Employer Retirement Plans

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.

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Sixth Annual BEI Golf Classic COVID-19 Update

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.

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Legislative Update

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.

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What Happens When You Terminate 20% or more of your Employees?

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.

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