Join the Pilot
We are looking for trailblazers like you to be among the first to sign up and give us feedback on your experience.
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Help Your Employees Save for Retirement
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 maintenance. If an employer has at least five employees and doesn’t already offer a workplace retirement savings plan, they can register for CalSavers beginning July 1, 2019.
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 maintenance. If an employer has at least five employees and doesn’t already offer a workplace retirement savings plan, they can register for CalSavers beginning July 1, 2019.
What you need to know
- Registering your business is easy
- There are no fees for employers to facilitate the program
- Employers cannot make contributions
- Employers serve a limited role: facilitate the program and submit employees' contributions.
- Employees are responsible for their investment choices
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 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
We’ll notify you when it’s time for your business to register. If you’d like to be part of the pilot program, contact us today.
Account Setup
Once you register, you'll need to add delegates or payroll representatives, create a payroll list and add employees.
Account Management
After your account is set up, you’ll move to maintenance mode – submitting contributions and adding new employees.
Join the Pilot
CalSavers is just getting started and we need employers who are interested in blazing a trail for a better savings future to join our pilot program. You’ll be among the first to see what the program looks like, offer feedback, and shape opportunities for others.
I’m interested in participating in the pilot.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.
Employer registration deadline for
100+ employees
June 2020
50+ employees
June 2021
5 or more employees
June 2022