2025 Washington Saves Legislation Passed in 2024 & Retirement Plans through the Renton Chamber 02/18/2025
Date and Time
Tuesday Feb 18, 2025
9:00 AM - 10:00 AM PST
Discussion will be from 9:00a-10:00a on Tuesday, February 18th
Location
Renton Chamber of Commerce
625 S 4th Street
Renton, WA 98057
Fees/Admission
FREE TO ALL
Umbrella retirement plan through Renton Chamber is only available to Renton Chamber Members.
Description
"Washington Saves", Legislation passed in 2024, House Bill 2244 and Senate Bill 6069
Please join us for a discussion on the Washington Saves Retirement Program and the obligation you will have as an employer when it goes into effect July 1, 2027. This requirement is mandated for all covered employers without the ability to opt out.
Requires all covered employers to register through the state and enroll qualifying employees in a state run IRA.
Covered Employers:
* Businesses that have been in business for at least 2 years and maintain a physical location in Washington
* Has 5 full-time equivalent employees (or 10,400 hours worked annually)
* Does not offer a qualified retirement plan to their covered employees who have had continuous employment for 1 year or more.
FIND OUT OTHER OPTIONS
The Renton Chamber has partnered with Wealth Wave and Nationwide to offer alternatives to the states Individual Retirement Account legislation for employees. Bengt Johnson, Wealth Wave, will discuss options available through the Renton Chamber and the benefits that come with it.
