Demo Event – Retirement Plan Options

In 2016, California passed a law requiring California employers to automatically enroll their employees in a state-run retirement plan (now known as CalSavers) or offer a private retirement plan.
Although the deadlines for compliance were extended multiple times, companies with 100 or more employees were required to comply by September 30, 2020. Employers with 50 or more employees must comply by June 30, 2021 and employers with 5 or more employees by June 30, 2022.

Matt Furniss is a Senior Plan Design and Sales Consultant for FuturePlan, a national third-party administration firm for qualified retirement plans. Mr. Furniss specializes in consulting with business owners in partnership with their Financial Advisor or CPA to design the best retirement plan for their particular business. Mr. Furniss has been with the company for the past 9 years.
Mr. Furniss will discuss:

• The various retirement plans available to comply with this new law
• How these different types of retirement plans work
• How these retirement plans benefit employees and owners
• 401k/Profit sharing,
• Cash balance plans,
• 3(16) fiduciary services, and
• The state-run CalSavers program, as well as recent changes to laws and tax credits as it applies to retirement plans.

NOTE: This event will be recorded for the EVCEAC member video archive. By attending this virtual event, please be aware that your video and/or audio may be recorded if you speak or ask any questions.

The East Ventura County Employer Advisory Council (EAC) is composed of employer volunteers representing a cross-section of business and industry. The EAC was developed to promote a stronger partnership between the California Employment Development Department (EDD) and the business community. Its commitment is to assist employers in conducting their business more effectively and efficiently, to provide information on employment-related issues, and to enhance the communication between EDD and the private sector. This presentation is provided for educational and informational purposes only; it does not constitute an endorsement of the curriculum or speakers by the State of California EDD or by the East Ventura County EAC. Aside from staff designated to represent EDD, we assume no responsibility for the accuracy, legality or content of the materials provided during this event.

EDD, an equal opportunity employer/program, is a partner in this event. Special requests for accommodation need to be made two weeks prior to the event by emailing info@eastventuraeac.org