We are happy to provide a unique benefit available exclusively to WVCBA members. In partnership with intellicents and Vestwell, all members will now have access to a shared 401(k) solution for their employees, known as a Group of Plans (GoPs).
By the end of this year, California state law will require employers with 5 or more eligible employees to participate in CalSavers if they do not sponsor a retirement plan. By the end of next year, it will be 1 employee. We have come up with a fantastic opportunity to alleviate costs and increase benefits collectively as a business community.
Who Can Participate?
Any WVCBA member who currently has no retirement plan in place, has an existing retirement plan but would like to save time and money, or is registered with CalSavers but would like to transfer is welcome to sign up. Whatever your current situation, we can work together for a plan that suits your needs.
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Benefits • SAVES MONEY: Discounted group pricing and no annual audit (under 100 participants) • SAVES TIME: Less administrative work and no filing of annual Form 5500 • SAVES HEADACHES: Fiduciary oversight, mitigated risk, and employee retention tool • ADDS INCENTIVE: Tax credits available and easy to use Vestwell app • ADDS EFFICIENCIES: Streamlined set up process connecting with over 100 payroll providers • FULFILLS STATE REQUIREMENTS: Alternative to CalSavers and easy to transfer from current plan |
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Partnership and Expertise You don’t need to be a retirement plan expert to provide workplace savings benefits to your employees. Leverage the experience of Vestwell so you can focus on your business.
Kevin Mahoney of intellicents is a financial consultant that is overseeing the WVCBA's shared 401(k) plan in collaboration with Vestwell. Feel free to contact Kevin directly with any specific questions. Check out a recent webinar hosted by Kevin here. |
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If you're ready to see how this plan can be applied to your business, get started below or check out our Frequently Asked Questions page for more information.
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Upcoming Events:
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