24 Sep Employers Required To Facilitate CalSavers Or Offer an Employee-Sponsored Retirement Plan
Posted at 11:00h in Insights
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.
There are deadlines for eligible employers to either begin to offer their own retirement plan or register for CalSavers. The deadlines vary depending on the size of the business:
• More than 100 employees deadline to register: September 30, 2020
• More than 50 employees deadline to register: June 30, 2021
• 5 or more employees deadline to register: June 20, 2022
For additional information and resources visit https://employer.calsavers.com/home/employers/program-details.html?language=en#