Questions? Contact us 1-855-4FINDEC
Questions? Contact us 1-855-4FINDEC

CalSavers Alternative

What is FinDec Basic?

FinDec Basic is an ideal solution for small businesses (up to 50 eligible employees) seeking a low cost 401(k) benefit plan that is efficient and transparent. FinDec Basic is a plan that allows unrelated small businesses to come together under one plan, creating economies of scale for a robust yet cost effective retirement plan solution.

EFFICIENT

Our team of experts will work with you to set up and operate your day-to-day plan processes. The process is expedited by leveraging our 30+ years of industry experience to proactively manage your plan.

TRANSPARENT

Participants enrolled in the plan are provided clear and straightforward investment options. Our intuitive technology makes enrollment and account management easy to follow.

ALTERNATIVE

No matter what the decision, having options is important. This program acts as an alternative to the CalSavers initiative, with a number of benefits and positives to switching.

Why Not CalSavers?

Contributions: with CalSavers, employers cannot contribute to an employee’s retirement fund. Many companies view retirement offerings as a benefit, and they will match a percentage of what employees contribute. But you can’t do that with CalSavers.

Ideal Candidates

Small, start up plan seeking low-cost option

Alternative to CalSavers

Desire to reduce plan risks

Need to free up time for other tasks

Build Your Plan

WHEN WOULD YOU LIKE YOUR EMPLOYEES TO BE ELIGIBLE?

Immediately

Employees will be eligible on their date of hire.

90 Days

Employees will be eligible 90 days after their date of hire.

1 Year

Employees will be eligible 1 year after their date of hire.

WHICH MATCHING STRUCTURE FITS YOUR COMPANY?

QACA (Auto Enrollment w/)
Safe Harbor Match 3.5%

Auto enrollment structure matching 3.5% of your employee’s contributions.

Traditional Safe Harbor Match 4%

Traditional structure matching 4% of your employee’s contributions.

No Match

Offer no match for your employee’s contributions.

WHEN WILL YOU ALLOW FOR WITHDRAWALS?

Hardships

Employees can withdraw money from their account during hardships.

Over 59 1/2

Employees can withdraw money from their account when they are over 59 1/2.

Termination

Employees can withdraw money from their account after termination.

Investments

The investment lineup is built and maintained by FinDec Wealth Services, an experienced (38) investment fiduciary. Participants can select their own investments from the core lineup.

INVESTMENT MENU MAINTAINED BY EXPERTS

An experienced (38) investment fiduciary, builds and maintains the investment lineup.

LOW-COST OPTIONS

Low cost investments with no revenue sharing keep investment expenses reasonable.

DIVERSIFIED INVESTMENTS

Covers all major investment asset categories, positioning participants for success.

REDUCE FIDUCIARY RISK

Best practices include written Investment Policy Statement and quarterly monitoring and reports.

INDEX FUNDS

Offers an investment mix consisting of actively and passively managed investments.

RISK BASED PORTFOLIOS

TARGET DATE FUNDS

FinDecSM is the service mark under which FinDec Co., and its subsidiaries, FinDec Wealth Services, Inc., FinDec Benefit Services, Inc., and FinDec Insurance Services, Inc. do business.

FinDec Wealth Services, Inc. (FDW) is registered as an SEC registered investment adviser with its principal place of business in the State of California. FDW is in compliance with the current notice filing requirements imposed upon registered investment advisers by those states in which FDW maintains clients. FDW may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. Registration of an investment adviser does not imply a certain level of skill or training. FDW is not engaged in the practice of law or accounting. This website contains information regarding FDW and its related companies. FDW does not provide all services listed on this site; some services are provided by related companies and are subject to separate service agreements and additional fees. Investment advisory information contained herein should not be construed as personalized investment, legal, tax or insurance advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy. There is no guarantee that the views and opinions expressed will come to pass.

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