How to establish a compliant Oregon Retirement Plan.
Oregon Retirement Savings Plan
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. We say you should stick with a retirement plan with a more proven roll-out plan than previous state pension plans.
If you are nervous about Oregon’s history of administering benefit plans, or if you want an already proven solution, scroll down to learn more.
Compare our Cardinal 401(k) plan to the OregonSaves option below.
Considering Registering for OregonSaves?
Get compliant • Give your employees another reason to stay • Lower your costs and risk
Choose the Best
|Best for Employees||Best for Employers||Best for Business
|Dozens of funds-low fees||More Attractive Plan||Save Time and Money|
|Free On-Demand Investment Advice||Less Cost||Gain Control|
|Robust Online Portal||Less Risk||Gain Expertise|
|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|
You have the legal responsibility to shop plans.
Some employers already sponsoring a retirement plan have suggested it’s not fair to compare ourselves to OregonSaves and we should pick on someone our own size. For those of you, do a free comparison of Cardinal 401k to YOUR plan.
Oregon, Save Better! Compare your plan. Get a Free 401k plan comparison!
As a fiduciary of a pension plan, employers have a responsibility to look at all aspects of their ERISA plan, from the employer’s side to how it affects the employees. It's your duty as plan trustee to compare your plan to others. Check off this required step now by comparing your plan.