Business owners: The deadline is swiftly approaching for employers with over 50 employees to either have a retirement plan in motion or register with @CalSavers, California’s retirement savings program designed for the millions who don’t have a way to save for retirement at their job.
CalSavers was created by legislation passed in 2016 requiring employers who do not sponsor a retirement plan and have 5 or more employees to participate in CalSavers – an automatic enrollment individual retirement account (IRA) with no employer fees or fiduciary liability.
The next deadlines is June 30, 2022 for eligible employers with at least five employees. Employers don’t need to wait: they can register for CalSavers at any time.
MORE INFO.
CalSavers was created by legislation passed in 2016 requiring employers who do not sponsor a retirement plan and have 5 or more employees to participate in CalSavers – an automatic enrollment individual retirement account (IRA) with no employer fees or fiduciary liability.
The next deadlines is June 30, 2022 for eligible employers with at least five employees. Employers don’t need to wait: they can register for CalSavers at any time.
MORE INFO.