Request Employer Access to CalSavers
Program opens July 1, 2019
An access code is needed to register for CalSavers. Enter your contact information to receive your registration access code after CalSavers opens on July 1.
Request Access Code
Help your employees save for retirement
CalSavers Retirement Savings Program was designed to give employers an easy way to help their employees save for retirement, with no fees, no fiduciary responsibility, and minimal ongoing responsibilities.
Employers with at least five employees who don’t already offer a workplace retirement plan can register for CalSavers beginning July 1, 2019 and must be registered by their required deadline.
CalSavers Retirement Savings Program was designed to give employers a simple way to help their employees save for retirement, with no fees, no fiduciary responsibility, and minimal ongoing responsibilities.
Employers with at least five employees who don’t already offer a workplace retirement plan can register for CalSavers beginning July 1, 2019 and must be registered by their required deadline.
What you need to know
- Registering your business is easy
- There are no fees for employers
- Employers serve a limited role: facilitate the program and submit participating employees' contributions via simple payroll deduction
- Employees are responsible for their investment choices
- Employers cannot make contributions
What your employees need to know
- Their CalSavers account is a Roth IRA (after tax)
- The default savings rate is 5% of gross pay, and employees can change their rate at any time
- Employees will be auto-enrolled after 30 days if they do not opt out and will begin saving through payroll contributions
- They can opt out at any time
Your role
Because we appreciate what it takes to run a business, we keep it as simple as possible when it comes to facilitating CalSavers.
Registration
Register beginning July 1, 2019.
Account setup
Once you register, you'll need to add delegates or payroll representatives, create a payroll list and add employees.
Ongoing responsibilities
After your account is set up, you’ll only have to focus on submitting contributions and adding or removing new employees.
Pilot Program Ongoing
CalSavers is working with selected employers from around the state who indicated an interest in blazing a trail for a better savings future as participants in our pilot program. These participants are helping to shape the program for all other employers by offering feedback on their experience.
Employer registration begins July 1, 2019
Employers don’t have to wait to begin helping their employees save for the future. Employers of all sizes can register for the program beginning July 2019, but no later than the deadlines shown below.
More than 100 employees
June 30, 2020
More than 50 employees
June 30, 2021
5 or more employees
June 30, 2022