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Employer Assistance: 855-650-6916

Employee Assistance: 855-650-6918

clientservices@calsavers.com

treasurer.ca.gov/calsavers/

The CalSavers Retirement Savings Program (“CalSavers” or the “Program”) is an automatic enrollment payroll deduction IRA overseen by the CalSavers Retirement Savings Board (“Board”). Ascensus College Savings Recordkeeping Services, LLC (“ACSR”) is the program administrator. ACSR and its affiliates are responsible for day-to-day program operations. Participants saving through CalSavers beneficially own and have control over their IRAs, as provided in the Program Disclosure Booklet available at saver.calsavers.com. CalSavers is not sponsored by the employer, and therefore the employer is not responsible for the Program or liable as a Program sponsor. Employers are not permitted to endorse the Program or encourage or advise employees on whether to participate, how much (if any) to contribute or provide investment help.

CalSavers offers investment options selected by the Board. For more information on CalSavers’ investment options go to saver.calsavers.com. Account balances in CalSavers will vary with market conditions. Investments in CalSavers are not guaranteed or insured by the Board, the State of California, the Federal Deposit Insurance Corporation, or any other organization.

CalSavers is a completely voluntary retirement program. Savers may opt out at any time or reduce or increase the amount of payroll contributions. If a saver opts out they can later opt back into CalSavers.

Saving through an IRA may not be appropriate for all individuals. Employer facilitation of CalSavers should not be considered an endorsement or recommendation by a participating employer, IRAs, or the investment options offered through CalSavers. IRAs are not exclusive to CalSavers and can be obtained outside of the Program and contributed to outside of payroll deduction. Contributing to a CalSavers IRA through payroll deduction may offer some tax benefits and consequences. However, not everyone is eligible to contribute to a Roth IRA and savers should consult a tax or financial advisor if they have questions related to taxes or investments. Employers do not provide financial advice and employees should not contact an employer for financial advice. Employers should refer all questions about the Program to CalSavers. Employers are not liable for decisions employees make pursuant to Section 100034 of the California Government Code.

In 2022, California passed legislation (SB-1126) to expand the CalSavers mandate to employers with at least one employee. Eligible employers with at least one employee in 2024 are required to register unless they meet one of the conditions for exemption:

sponsors a qualified retirement plan, or
closed or was sold
does not have any employees other than the owner(s), or
company's classification is either a government entity, religious organization, or tribal organization

Employers will start receiving their official registration information by US mail and email in the Spring. If you believe your company is exempt from the mandate, submit an exemption request.

Registration/Exemption Deadline: December 31, 2025

Register or Request Exemption

If you preciously received a notice to register with a deadline in 2024 or earlier, then you may be out of compliance and must register immediately or face enforcement action.

In 2022, California passed legislation (SB-1126) to expand the CalSavers mandate to employers with at least one employee. Eligible employers with at least one employee in 2024 are required to register unless they meet one of the conditions for exemption:

sponsors a qualified retirement plan, or
closed or was sold
does not have any employees other than the owner(s), or
company's classification is either a government entity, religious organization, or tribal organization

Employers will start receiving their official registration information by US mail and email in the Spring. If you believe your company is exempt from the mandate, submit an exemption request.

Registration/Exemption Deadline: December 31, 2025

Register or Request Exemption

If you preciously received a notice to register with a deadline in 2024 or earlier, then you may be out of compliance and must register immediately or face enforcement action.