Reminder for Businesses to Register with CalSavers
RogerRossmeisl
DECEMBER 13, 2020
California has begun their mandate of employer participation in the CalSavers Program. The program’s 3-year phase-in is as follows: Number of Employees: Registration Required by: >100 09/30/2020 >50 06/30/2021 >5 06/30/2022 What is CalSavers? CalSavers is California’s new retirement savings program for workers in the private sector who do not currently have a way to save at work (i.e. the employer does not provide an employee retirement plan (EBP)).
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