P.O.Box 1748 • 44 Brennan St. Watsonville, CA 95077 • ☎ (831) 724-3900

Deadline Approaches: Businesses With More Than 100 Employees that Do Not Sponsor a Retirement Plan Must Register for CalSavers By September 30th

California State Treasurer Fiona Ma reminds employers with more than 100 employees that they are required by state law to register for CalSavers by September 30th if they don’t already sponsor a retirement plan.

CalSavers is California’s new retirement savings program that will offer millions of workers in California the opportunity to get on track for the future. CalSavers is available to California workers whose employers don’t offer a workplace retirement plan, self-employed individuals, and others who want to save extra. Participants contribute to an Individual Retirement Account (IRA) that belongs to them and is completely portable. Employers that don’t offer their own plan and have at least five employees must register for CalSavers by their deadline and facilitate their employees’ access to the program.

Read More