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SourceOne HCM is offering a CalSavers Alternative: Ubiquity Small Business 401k

Starting in November 2018, California is one of the first states to launch a mandated retirement savings initiative.  California employers with at least five employees who do not already offer a workplace retirement savings plan are mandated to choose from the one-size-fits-all, state-provided, automatic Individual Retirement Account (IRA) or sign up for an eligible retirement plan with a private provider.

The implementation deadlines are as follows:

  • Businesses with more than 100 employees – Deadline: June 30, 2020
  • Businesses with more than 50 employees – Deadline: June 30, 2021
  • Businesses with 5 or more employees – Deadline: June 30, 2022

We’ve got the best alternative for YOU!

Ubiquity Retirement + Savings™ by SourceOne HCM provides affordable and robust 401k plans customized to meet your needs.

Contact your SourceOne HCM Customer Service Representative soon to find out more.

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