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04.26.2022 - State Run

Attendees Rating:

Excellent (83%)
Average (17%)
Below Average (0%)

Comments
Here are comments from listeners:

Learned that state retirement programs are available in certain states for small businesses and that a movement is underway in more states. Certainly a benefit that states bring to small businesses. In these times when companies are challenged to hire people, offering a retirement plan can be a difference maker in attracting talent. Thanks for bringing the topic to light
- James

Good to know that it is mandatory for qualifying small businesses to have Auto IRA in California, and not much cost or burden to employers.
- Marian

Helpful information on state run retirement plans and what is on the horizon.
- John

I did not realize NY may not go live this year when the statute requires compliance by end of 2022. The range of fees on the current state plans is very interesting. I can only imagine NY and NJ will be high based on the politics we have seen previously.
- Aaron

I didn't know anything about the types of plans (i.e. IRA(s)) that were being implemented or the rules and restrictions around them. It's good to know and explain to small business clients that these plans are coming their way.
- Scott

Never realized the high number of states that currently have or are in the process of starting state-sponsored retirement programs
- Mark
State Run Retirement Plans and Small Business Owners
Presented by Andrea Feirstein and Ellen Breslow
Andrea Feirstein

State-run Retirement Programs are relatively new in the small business retirement marketplace, but they are growing fast. Today, we see 16 approved programs across 14 States and two cities, and at least 46 states that have either implemented or considered State-run Retirement Program initiatives since 2012. Along with establishing these programs, most states will now require that all businesses set up a retirement plan within a specified time frame. 

This webinar addressed the following important questions and considerations:
• Why are States creating these programs?
• Does this impact employees that already participate in a retirement plan?
• What can small business owners expect when considering retirement options for their employees, and how can these programs help?
• If you live in a state with an active program, what do you need to know?
• What is the time frame for action for employers and for employees?

Learn the answers to these questions and more about how these retirement programs may impact your clients from Andrea Feirstein, Managing Director, and Ellen Breslow, Senior Consultant at AKF Consulting, the Program Consultant to State-run Retirement Programs in California, Colorado, Connecticut, Illinois, Maryland and Virginia and a leading Municipal Advisor to 529 and ABLE Programs nationwide.

Attendees Comments:

Here are comments from listeners:

Learned that state retirement programs are available in certain states for small businesses and that a movement is underway in more states. Certainly a benefit that states bring to small businesses. In these times when companies are challenged to hire people, offering a retirement plan can be a difference maker in attracting talent. Thanks for bringing the topic to light
- James

Good to know that it is mandatory for qualifying small businesses to have Auto IRA in California, and not much cost or burden to employers.
- Marian

Helpful information on state run retirement plans and what is on the horizon.
- John

I did not realize NY may not go live this year when the statute requires compliance by end of 2022. The range of fees on the current state plans is very interesting. I can only imagine NY and NJ will be high based on the politics we have seen previously.
- Aaron

I didn't know anything about the types of plans (i.e. IRA(s)) that were being implemented or the rules and restrictions around them. It's good to know and explain to small business clients that these plans are coming their way.
- Scott

Never realized the high number of states that currently have or are in the process of starting state-sponsored retirement programs
- Mark