New Jersey recently enacted legislation that requires business owners, who do not offer employees a qualified retirement plan and who have 25 or more employees, to automatically enroll those employees in the New Jersey Secure Choice Savings Program. New Jersey is one of ten states to enact the legislation, more are sure to follow. Steve is joined by Retirement Plan Specialist, Dennis Jablonoski, CRPS, to discuss the merits of this mandatory program and some deficiencies both employers and employees may realize once these plans are operational.
Listening Time: 22 minutes