Comparison of Human Interest 401(k) and CalSavers

This document is a guide that compares two retirement savings options: Human Interest 401(k) and CalSavers. It outlines the features, benefits, and limitations of each program, focusing on aspects such as contribution limits, employer and employee fees, investment options, and administrative responsibilities. CalSavers is described as a state-sponsored program that requires businesses in California to either opt into the plan or offer an alternative retirement plan. The guide details the contribution limits for both plans, highlighting the differences in flexibility and control, particularly regarding Roth IRA contributions in CalSavers. It also discusses employer responsibilities in managing contributions and payroll integration. The document emphasizes the advantages of Human Interest 401(k), such as higher contribution limits, a wider range of investment options, and lower fees. Additionally, it mentions potential tax credits available to employers who start a 401(k) plan, making it a more attractive option for businesses looking to support their employees' retirement savings.