Save 10 Award Recognizes CLA for Enabling Employee Saving
Minneapolis — September 30, 2015 — CliftonLarsonAllen (CLA) has been recognized for its efforts to help employees prepare for a secure retirement by enabling them to save 10 percent of their income. The Save 10 award from the Financial Services Roundtable (FSR) spotlights the firm's initiatives and encourages other companies to follow suit.
Kris Tveit, principal in CLA’s employee benefits practice, accepted the Save 10 award on behalf of the firm at a special ceremony in Minneapolis on September 21. It was presented by former Minnesota Governor and Financial Services Roundtable CEO, Tim Pawlenty.
Saving 10 percent of annual income
The recently launched Save 10 campaign is a business-to-business, peer-to-peer effort to encourage responsible employers nationwide to help workers save for a secure financial future by providing options that allow them to put aside 10 percent or more of their income in a company plan.
“Removing barriers that stand between our people and the realization of their potential is a key concept of our impact culture,” says CliftonLarsonAllen CEO Denny Schleper. “By advocating Save 10 and automatic, consistent savings over time, we empower our people to secure the financial future that they envision and deserve as they build their careers.”
Strict criteria for Save 10 recognition
To be considered for recognition as a Save 10 employer, companies must certify that they engage in certain activities, including offering a retirement plan, contributing to employee retirement accounts, and ensuring employees can “keep your 10” by providing access to disability and life insurance plans.
CLA’s comprehensive benefits program offers choices and flexibility, so employees can choose options that best fit their needs. CLA has a nationally recognized 401(k) plan and profit sharing program, and urges employees to save as much as they can.
Automatic enrollment increases participation
One of the cornerstones of Save 10 is to urge employers to provide “auto-save” programs. New hires at CLA are automatically enrolled in the 401(k) plan and the salary deferral contribution is gently increased on each anniversary of their hire date. Employees may opt out of the automatic enrollment or increases at any time.
More than 30 companies nationwide have received Save 10 recognition.
CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. With more than 5,400 people, 110 U.S. locations and a global affiliation, we promise to know you and help you. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.