Have 5 or more Employees and no Pension Plan? Calsavers deadline is looming-avoid penalties-consider the Pasadena Chamber Multiple Employer Plan retirement program-Save Time and Money

Attention Chamber Members, 

The Calsavers deadline is one month away (June 30th 2022) for all companies with 5 or more employees. 

Failure to comply with the deadline can result in penalties up to $500 per eligible employee per year. Eligible employees are considered anyone who works 1 hour in a 30 day time frame.  

The Chamber's MEP plan, can offer you a low cost alternative to Calsavers which also provides the following additional benefits:

• Tax Deductible Savings
• Higher savings limits
• No income eligibility phase outs

Please call Bryan Muth at Pasadena Private Wealth 626-993-9303 or email at bmuth@pasadenapw.com) with any questions regarding Calsavers or on your retirement plan options.

Thank you!