What you need to know about
the California retirement program mandate
The state of California requires that by June 30, 2022, all businesses with 5 or more employees provide access to a retirement savings plan. As a business owner, you can choose to offer the state-sponsored plan, or a different plan like the Finhabits 401k, which offers additional benefits for both you and your employees.
Why choose a Finhabits 401k plan?
You will work with a proudly Latino business that has been serving more than 80 thousand clients since 2015.
Designed to comply with CalSavers
It helps you to avoid penalties
Easy to use and set up
Compare Finhabits 401k plans and other options
In today’s tight labor market, employees are comparing their benefits when they’re looking for a job. In addition to helping you attract and maintain top talent, the Finhabits 401k plans can help your employees save for retirement with automated contributions deducted directly from the employee’s pay. And, if you’re like most small business owners, you may also be entitled to participate in your company’s retirement plan.
Maximum employee contribution
Catch up contribution ages 50 and older
Defined contribution maximum limit
$61,000 ($67,500 edades 50+)
An alternative that your business and employees can trust
Easy-to-use 401k plans
Our plans are accessible for any business, regardless of size. Finhabits helps your employees to learn smart financial habits while they save for retirement.
Save up to 3 times more
401k plans have higher contribution limits than IRAs like the ones offered by CalSavers.
Potential tax credits for your business
There are federal tax credits in the first three years that could offset plan costs.
Frequently asked questions
This material has been provided for informational purposes only, and is not intended to provide investment, legal or tax advice. Check with your tax advisor to determine what tax credits and tax deductions may be available for your business. Finhabits does not provide tax, legal or accounting advice. Investment advisory services offered through Finhabits Advisors LLC, an SEC registered investment adviser. Registration does not imply a certain level of skill or training. Past performance is no guarantee of future returns. There are risks involved with investing. Insurance services offered through Finhabits Insurance Services LLC, a licensed producer in certain states. Finhabits Advisors LLC is not a fiduciary to insurance products or services.