Tax, Legal Issues, Contracts, Self-Directed IRA

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Ian Dyer
  • Residential Real Estate Broker
  • Orange County, CA
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We need a retirement plan for our 6 employees (in California)

Ian Dyer
  • Residential Real Estate Broker
  • Orange County, CA
Posted Jul 21 2022, 23:34

California now requires that employers with 5 or more employees have a retirement plan for them. Either use the free CalSavers state plan, or use a private company. We'd like to consider paid plans, because the program run by the State of California seems likely to be poorly run and get worse over time. ANY RECOMMENDATIONS?

We contacted Ubiquity and Betterment and Guideline. We also talked to Vanguard, who we've enjoyed working with for other things, but since 2020 they've been horribly hard to reach, so we prefer not to work with Vanguard. 


If you've been working with a company you like, please reply.

Orange County, California

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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
Replied Jul 22 2022, 07:01

ive been in HR for the last 13 years.....most of that time was spent in Benefits.....check out fidelity....they were "decent" but it was some time ago.....that was probably the best one ive had in my years of service.....however those were Large companies

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Chris Seveney#2 House Hacking Contributor
  • Investor
  • Northern Virginia
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Chris Seveney#2 House Hacking Contributor
  • Investor
  • Northern Virginia
Replied Jul 22 2022, 07:15
Quote from @Ian Dyer:

California now requires that employers with 5 or more employees have a retirement plan for them. Either use the free CalSavers state plan, or use a private company. We'd like to consider paid plans, because the program run by the State of California seems likely to be poorly run and get worse over time. ANY RECOMMENDATIONS?

We contacted Ubiquity and Betterment and Guideline. We also talked to Vanguard, who we've enjoyed working with for other things, but since 2020 they've been horribly hard to reach, so we prefer not to work with Vanguard. 


If you've been working with a company you like, please reply.


 we use a company that uses ubiquity and have not had issues