CalSavers Retirement Savings Program (English version)

CalSavers is California’s retirement savings program for workers whose employers do not offer a retirement plan. The law requires all California state employers with 5 or more employees to join the CalSavers retirement savings program, unless they offer a company-sponsored retirement plan including a 401(k), 403(b), SEP IRA, or Simple IRA retirement plan. CalSavers is a Roth IRAs which are after-tax contributions with income limits, and employers are not allowed to make contributions on behalf of, or as a match to, employee contributions. If employer registers for CalSavers, employees will be automatically enrolled within 30 days unless they choose to opt out. If they leave the company, their account goes with them — even if they move out of state. CalSavers will manage the plan, communicating with employees about the program, or enrolling them in the plan, but the employers are responsible on updating information. The following deadlines to register are based on the size of the business:

Size of Business   Deadline
Over 100 employees 9/30/2020
Over 50 employees 6/30/2021
5 or more employees 6/30/2022

Employers who miss their deadline are fined $250 per employee after 90 days and an additional $500 per employee after 180 days. If the company already offers a qualified employer-sponsored plan, they can request the exemption on the CalSavers website (

To register the CalSavers, please see following brief procedure:

  1. Go to the Calsavers’ Website ( and Complete the registration.
    • You will need the company’s Federal Employer Identification (EIN) or Tax Identification Number (TIN), and your CalSavers access code. To request the access code, please refer its website.
  2. Within 30 days of registration, upload the list of eligible employees.


If you need more detail, contact your labor law attorney.

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