skip to Main Content
CalSavers Deadline Is Coming June 30 2022

CalSavers Deadline is Coming June 30 2022

If you’re a private-sector California business owner, we hope you’ve heard about CalSavers. The most recent registration deadline of this retirement plan program, June 2022, affects all private-sector employees with more than five employees. Employers will face fines if they don’t offer a qualified retirement plan or register for the state option CalSavers by June 30, 2022.

CalSavers stipulates that private-sector employers must offer a retirement savings plan. If an employer does not offer a qualified retirement plan of their own, such as SIMPLE IRA, 401(k), etc., it must offer employees CalSavers, the state-operated retirement savings plan – or else face fines. The CalSavers plan focuses on small businesses and starts with employers of five or more employees.

So – if YOU are a private-sector employer with five or more employees and have NO qualified retirement plan in place, get yourself over to the CalSavers website to begin the registration process TODAY!


Back To Top