The Oregon Legislature passed House Bill 2960 which requires all employers to provide employees access to a retirement plan. The State of Oregon is rolling out their plan option called OregonSaves but it is not your only option. If you are nervous about Oregon’s history of administering benefit plans, we say you should stick with a retirement plan with a more proven roll-out plan than previous state pension plans.
OregonSaves is not your only option.
Compare our Cardinal 401(k) plan to the OregonSaves option below.
See how much Cardinal's plan can save you.
|Administrative Fees||0.90% of Assets||0.20% to 0.85% of Assets|
|Fund Fees||0.06% to 0.13% of Assets||0.05% for comparable funds|
|Compliance Fees||Cost of Administering Plan||Employer roles mostly eliminated|
|Fund Choices||13||41 in base configuration|
|Financial Advisor||None||Free on demand|
Outsource responsibility to Cardinal Services
Compare your duties under the state run program vs. our Cardinal 401(k) plan.
- Formally Adopt Plan
- Determine Eligibility
- Enroll Employees
- Setup Employee Files
- Withhold Funds
- Remit Funds
- Answer Questions
- Retain Records
- Report to State