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California employers are required by state law to facilitate CalSavers if they don’t offer an employer-sponsored retirement plan and have five or more employees. All eligible employers can register at any time prior to their registration deadline.
We understand that running a business is hard work. So, we’ve made facilitating CalSavers as easy as possible.
Before you begin your registration and initial account setup, review the Employer Account Setup Information guide and resources we have available to assist your activities.
Setting up your account is a simple four-step process, followed by some light account maintenance. Whether you register now or closer to your deadline, you are required to add employees within 30 days of completing your registration.
If you have someone at your business, such as an HR manager or an external payroll vendor to help you facilitate CalSavers, they can be added as a delegate or payroll representative. You can assign your associates to various roles that give them different levels of responsibility and authorization within the program.
Within 30 days of registration, you’ll upload your roster of eligible employees so that we can contact them to either customize their account and make saving elections, or notify them of what actions to take if they choose to opt out of the program. You can either add employees manually (if you only have a few employees) or you can use our Employee Information Template to upload the information (if you have many employees). Once you upload your employee roster, each employee will have 30 days to customize their account or opt out of the program before payroll contributions begin.
Add your bank information if you plan to fund contributions through ACH debit or have a specific account debited.
During your usual payroll process, you will deduct a percentage of each participating employee’s pay and send it to CalSavers. The percentage for each employee will be shown on your employer account page. Information can be entered either manually by using an online form or in bulk using the Employee Contribution Information Template.
Once your CalSavers employer account is set up and ready to go, you’ll be responsible for ongoing responsibilities: submitting employees’ contributions and adding new employees or removing employees who have left your company.
CalSavers does not include any employer fees or employer match contributions. You are also NOT responsible for:
Your employees will be responsible for maintaining their account information once it is established.