Join us for a breakfast forum at Andrei’s Restaurant in Irvine!

Retirement Plan Alternatives for Small Plan Sponsors: CalSavers & PEPs 

Thursday, March 17, 2022

8:00 am to 9:45 am

Our Presentation:

The State of California created CalSavers to ensure all Californians can save for their future with the ease of automatic payroll contributions and portability that allows them to keep saving as they move from job to job. State law now requires all businesses with five or more employees to participate in CalSavers if they do not offer a qualified retirement savings plan from the private market. Join us for a CalSavers update and how it addresses the needs of employees of small employers, as well as information on alternatives for small plan sponsors.

PEPs, aka: Pooled Employer Plans, were created by the SECURE Act of 2019. They reduce employer fiduciary obligations and mitigate fiduciary risk, since the Pooled Plan Provider (PPP) assumes role as the plan sponsor and named administrator, and an investment advisor assumes investment option responsibilities as the ERISA 3(38) investment manager. PEPs offer the most comprehensive fiduciary outsourcing available through ERISA.  Come join us to learn about PEPs, and when they may be a good fit for plan sponsors.

Our Speakers:

Jonathan Herrera

Jonathan Herrera is the Outreach & Marketing Manager for the CalSavers Retirement Savings Program, the state’s pioneering retirement savings program which will provide a path to retirement security for over seven million Californians who currently lack access to a retirement savings vehicle at work. Jonathan has over 20 years of experience working in both personal and government finance. Prior to joining the CalSavers team, he spent 3 years at the State Treasurer’s Office helping California’s local agencies invest their idle funds in the Local Agency Investment Fund (LAIF), and over 13 years at Citibank where he assisted with the organization’s business development and outreach strategies, and worked with a team of advisors to provide wealth management services and solutions for individuals, families, and businesses. Jonathan has a BA in Government from California State University, Sacramento.

Steve Chappell, AIF®, RPA 

Steve is responsible for leading distribution efforts and providing oversight for Securian Financial’s retirement plan wholesalers as they assist advisors with growing their retirement plan sales. He is also involved with setting the strategic direction of our retirement plan division. Steve began his career in the financial service industry in 2003 and gained experience in sales and marketing of retirement plans before joining Securian Retirement in 2006. During his tenure with Securian, he served as regional vice president for the Midwest Sales Office. In 2015, Steve became an institutional relationship consultant responsible for building and growing strategic alliances with investment consulting firms. He was promoted to national sales vice president in May 2017.

Continuing Education:

• 2 CE for AIF (pending)
• 2 CECs for ERPA (pending)
• 2 CPEs for ASPPA certifications
• 2 CECs for NIPA certifications
• 2 hours for California CPAs 
• 1.75 hours of California MCLE
• 2 hours for Certified Financial Planners (pending)
• 2 CE for CRPS 
• 2 CE for CEBS

A Note Regarding COVID-19 Measures:

WP&BC Orange County is excited to welcome all members back for live in-person meetings. Due to the fluctuating nature of COVID-19 safety requirements by the State of California, Orange County, and our meeting venue, we may have to institute additional safety measures, up to and including a return to a virtual format. We will keep you updated regarding any changes to these measures. Should you have any further questions, please don’t hesitate to contact me.

Doors open at 7:30 am for check-in, breakfast and networking.  Our program will begin at 8:00 am and this program will end at approximately 9:45 am.  The registration fee includes a full breakfast buffet and hosted valet parking.

The reservation deadline for this event is Monday, March 14th.

• WP&BC Members can bring a guest for free!  This is a wonderful opportunity to introduce your peers and colleagues to our Chapter.  Remember, your guest should be a first-time visitor and potential member.   Look for the free guest offer when you register online
• The statements and materials presented at WP&BC Orange County Chapter events are solely the opinions of the speakers and do not represent the opinions or positions of WP&BC Orange County Chapter. In addition, WP&BC Orange County Chapter assumes no responsibility for the content or accuracy of the statements and materials presented by speakers at WP&BC Orange County Chapter events.