CalSavers Retirement Savings Program
CalSavers is a retirement savings program for private sector workers whose employers do not offer a retirement plan. This program gives employers an easy way to help their employees save for retirement, with no employer fees, no fiduciary liability, and minimal employer responsibilities.
Employers with five or more employees must participate in CalSavers if they do not already have a workplace retirement plan. The following deadlines to register are based on the size of the business.
|Size of Business||Deadline|
|Over 100 employees||September 30, 2020 (Deadline Passed)|
|Over 50 employees||June 30, 2021|
|5 or more employees||June 30, 2022|
To register, visit CalSavers.
Note: Due to the COVID-19 pandemic, the first registration deadline for employers with more than 100 employees was extended to September 30, 2020. Employers who missed this deadline should contact CalSavers and register as soon as possible to avoid penalties.