Insurance
Home›Insurance›Industry & Deals›The Standard hires associate retirement plan consultan…
The Standard hires associate retirement plan consultant in California
The move comes as California's CalSavers mandate took full effect on Jan. 1 and requires small employers to offer qualified plans or enroll workers in the state program.
Standard Insurance Company has hired Taylor Chipp as an associate retirement plan consultant covering Orange County and San Diego, as demand rises for qualified plan specialists across the western region, Insurance Business reports.
Chipp brings 15 years of financial services and retirement industry experience and holds the Certified Plan Fiduciary Advisor (CPFA) and Accredited Investment Fiduciary (AIF) designations, according to the outlet.
The hiring is tied to a shift in California's retirement plan market under the CalSavers mandate, which took full effect on Jan. 1. Every California employer with at least one W-2 employee must now offer a qualified retirement plan or enroll workers in CalSavers, created under Senate Bill 1234.
The final compliance deadline, covering businesses with one to four employees, passed on Dec. 31, 2025, and employers that miss deadlines face fines of $250 per employee, Insurance Business adds. The outlet says the mandate has increased demand for advisory support given the cost and compliance differences between a qualified plan and the state default option.