CalSavers Laws are in Effect Now.
California’s CalSavers Retirement Savings Program is a workplace retirement plan for employees whose employer does not already sponsor a qualified plan, like a 401(k).
The CalSavers mandate states that all California employers with five or more employees should offer a retirement savings program or facilitate their employees’ access to the CalSavers program.
Businesses with 50 or more employees have until June 30, 2021 to register with CalSavers.
Companies with 5 to 50 employees have until the following year, June 30, 2022.
Get the essential details about CalSavers employer requirements in our free eBook, including:
- Employer Eligibility
- Account Set-Up and Ongoing Responsibilities
- Benefits of the Program and More
Avoid CalSavers fines! Download our free eBook now and get prepared with CalSavers Employer requirements.