401(k) Fridays Podcast
About This Show
The 401(k) Fridays podcast offers companies of all sizes free strategic, educational and actionable content to improve their retirement plans. My name is Rick Unser and I am your host. All episodes leverage my nearly two decades of experience working with employers to bring you candid interviews with industry experts, new best practices and valuable perspectives on current events.
Most Recent Episode
State Retirement Plans: The Road Ahead for California Secure Choice
7 days ago
When I ask employers if they have the information they need on the soon to launch state run retirement plans, I get reactions that range from "What state plans?" to "Great, sounds like another scheme to fix the mess with their pension plans!" These and other responses I have gotten haven’t given me a lot of confidence that information, much less accurate information, is filtering down to employers about these programs. With Oregon launching OregonSaves on July 1st, 2017 and many others likely to follow, I thought it might be a good time to revisit the topic! I was excited to have Katie Selenski, the first Executive Director of California Secure Choice, the new state sponsored retirement plan for private sector workers in California join me on the 401(k) Fridays Podcast! During our conversation, we start with the basics of why California and other states are launching retirement plans, then move onto some recent developments on the federal level and how states plan to digest them and give Katie an opportunity to address some of the questions, misperceptions and concerns surrounding the California plan. If you have employees in California, you should definitely check this out. If you don’t, well, there are over thirty other states that are in the process of launching retirement plans so much of what we talk about will likely apply! Guest Bio In April 2017, Katie Selenski was appointed by California State Treasurer John Chiang to serve as the first Executive Director of the pioneering California Secure Choice Retirement Savings Investment Board, which governs the Secure Choice Program. The program will provide a path to retirement security for the seven million Californians who currently lack access to a retirement savings account via their employer, by allowing workers a simple, low cost way to save their own money and participate in professionally managed investments. Prior to taking the helm at