Mandatory Participation: All California employers with at least one employee and without a qualified retirement plan must facilitate enrollment in CalSavers, including for new hires within 30 days.
Compliance Deadlines:
Employers with 5+ employees and no retirement plan must register for CalSavers by December 31 following the year they averaged 5+ employees.
Employers 1-4 or more must register by December 31, 2025.
Failure to register or request an exemption by due dates results in noncompliance, risking enforcement actions and penalties.
Exemptions: Employers providing an employer-sponsored plan or those solely employing the business owner can exempt themselves by visiting the CalSavers website before the deadline.
Employee Choice: Participation in CalSavers is optional for employees. They may opt-out or adjust their payroll contributions. All employees aged 18 and above are eligible without minimum hour.
Employers’ obligation. Keep in mind that employers are responsible for facilitating enrollment and contributions.
Please see the link below for more information.
Mandatory Participation: For all California employers with at least one employee