Business News
SACRAMENTO – While studies continue to show college costs on the rise, more California employers are stepping in to help their employees save for college, according to data from ScholarShare 529 — California’s official college savings plan.
Nearly 1,000 California employers, including 32 of the state’s largest employers, are now offering ScholarShare 529 – currently at $8.5 billion in total assets across nearly 314,000 accounts, as of October 31, 2018 – to their employees.
“More Californians with higher education degrees positively impacts California employers, strengthens our workforce, and fortifies California’s fiscal health,” said California State Treasurer John Chiang. “As our workforce demands highly-skilled and educated workers to remain competitive, the need for higher education will continue to rise. We applaud California employers for embracing the importance of higher education and providing the ScholarShare 529 Workplace Savings Program to empower their employees to save for college.”
According to a recent survey of human resources professionals offering the ScholarShare 529 Workplace Savings Program, California employers are providing the program for its wide-ranging benefits, including ease of implementation and no cost to the employer.
Survey feedback includes:
“It didn't cost the company anything. Being in HR, you want to offer compelling benefits to your employees, and we thought it would be something our employees with college-bound kids would appreciate,” said Tamara McPherson, HR manager, System Pavers.
“It was really easy to understand. ScholarShare made it simple by giving us literature that clearly outlines what the commitment from HR entails,” said Felicia Williams, employee benefits administrator, L.A. Care.
“It sounded like a great benefit and when we looked more closely, the fact that it wasn't going to cost the employer anything and that there was zero reporting required was a huge plus,” said Jacqueline Lozano, senior human resources analyst, city of Chino.
Employers can offer ScholarShare 529 to employees with confidence, knowing the plan has a strong track record of investment returns and competitive fees. This helps employees potentially earn higher investment returns – and keep more of those returns – than they would investing in a lower-performing, higher-fee 529 college savings plan.
To view additional testimonials and to learn more about the ScholarShare 529 Workplace Savings Program, visit www.ScholarShare529.com/employer.
Nearly 1,000 California employers, including 32 of the state’s largest employers, are now offering ScholarShare 529 – currently at $8.5 billion in total assets across nearly 314,000 accounts, as of October 31, 2018 – to their employees.
“More Californians with higher education degrees positively impacts California employers, strengthens our workforce, and fortifies California’s fiscal health,” said California State Treasurer John Chiang. “As our workforce demands highly-skilled and educated workers to remain competitive, the need for higher education will continue to rise. We applaud California employers for embracing the importance of higher education and providing the ScholarShare 529 Workplace Savings Program to empower their employees to save for college.”
According to a recent survey of human resources professionals offering the ScholarShare 529 Workplace Savings Program, California employers are providing the program for its wide-ranging benefits, including ease of implementation and no cost to the employer.
Survey feedback includes:
“It didn't cost the company anything. Being in HR, you want to offer compelling benefits to your employees, and we thought it would be something our employees with college-bound kids would appreciate,” said Tamara McPherson, HR manager, System Pavers.
“It was really easy to understand. ScholarShare made it simple by giving us literature that clearly outlines what the commitment from HR entails,” said Felicia Williams, employee benefits administrator, L.A. Care.
“It sounded like a great benefit and when we looked more closely, the fact that it wasn't going to cost the employer anything and that there was zero reporting required was a huge plus,” said Jacqueline Lozano, senior human resources analyst, city of Chino.
Employers can offer ScholarShare 529 to employees with confidence, knowing the plan has a strong track record of investment returns and competitive fees. This helps employees potentially earn higher investment returns – and keep more of those returns – than they would investing in a lower-performing, higher-fee 529 college savings plan.
To view additional testimonials and to learn more about the ScholarShare 529 Workplace Savings Program, visit www.ScholarShare529.com/employer.
- Details
- Written by: Elizabeth Larson
WILLITS, Calif. – After an extensive regional and national search, the Sherwood Valley Band of Pomo Indians Tribal Council recently announced they selected Michael J. Broderick as general manager of Sherwood Valley Casino, a business wholly owned and operated by the tribe.
Broderick brings over 25 years of experience in gaming and resort management to his position. He will be responsible for the overall management and success of the current gaming enterprise for the Northern California property.
“I'm honored to have been selected by the tribal council and i am grateful for the opportunity to work for the tribe and its membership,” said Broderick. "It is a great opportunity for me, both personally and professionally, to be part of this organization. I look forward to helping this company and the tribe continue with its efforts of economic growth and self-sufficiency."
Prior to the Sherwood Valley Casino, Broderick served as the general manager for the Cahuilla Casino and Mountain Sky Travel Center in Anza, California, and director of marketing for the Sky Ute Casino Resort in Ignacio, Colorado.
He has also held numerous executive leadership positions in gaming and hospitality throughout his career including tenures in Washington, Rhode Island, Colorado, Oregon, New Mexico, Florida, Wisconsin and for the Trump Organization in Southern California.
“We are excited and looking forward to working with Mr. Broderick,” said Michael Knight, Sherwood Valley Band of Pomo Indians chairman. “We believe his experience, creativity, and successes in gaming and hospitality makes him an exceptional fit for our casino. He is a well-versed, dynamic and successful leader with an impressive track record and we believe Mr. Broderick, along with the casino team, can take this property to the next level."
Broderick is Harvard University Graduate School-certified and a former degree candidate at Harvard University Extension School. He received his bachelor's degree and M.B.A. in business management from California Coast University in Santa Ana and his associate in science degree in business administration from the Corporacion National de Education Professional in Santiago, Chile. He is also a veteran of the United States Marine Corps Reserve.
For more information visit the casino online at www.svrcasino.com.
- Details
- Written by: Elizabeth Larson
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