CalSavers is now open!
Employers: Enter your contact information to request your registration access code.
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 employer 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 today and must be registered by their required deadline.
CalSavers Retirement Savings Program was designed to give employers an easy way to help their employees save for retirement, with no employer 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 today 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
- Employers cannot make contributions to employee accounts
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 and back in at any time
Your role
Because we appreciate what it takes to run a business, we keep it as easy as possible when it comes to facilitating CalSavers.
Registration
Register any time before your deadline.
Account setup
Once you register, you’ll need to upload your roster of eligible employees within 30 days.
You can also add delegates or payroll representatives to assist with these tasks.
Ongoing responsibilities
After your account is set up, you’ll only have to focus on submitting contributions and adding or removing employees.
Employer registration is open
Employers don’t have to wait to begin helping their employees save for the future. Employers of all sizes can register for the program now, but no later than the deadlines shown below. Why wait? The sooner you register, the sooner your employees can get on a path retirement security.
More than 100 employees
June 30, 2020
More than 50 employees
June 30, 2021
5 or more employees
June 30, 2022