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Beginning on July 1, 2019, California private employers with 5 or more employees, who do not already sponsor a retirement plan, may voluntarily enroll in the CalSavers Retirement Savings Program (CalSavers). Employers that do not voluntarily enroll must enroll in CalSavers according to the following schedule:
Prior to your mandatory participation date, Eligible Employers will receive a notice from the CalSavers program containing an access code and a written notice that may be forwarded to employees. Eligible Employers must log on to the CalSavers site to either register online, or certify their exemption from Calsavers by stating that their business already maintains a retirement plan. To do either, you will need your federal tax ID number and your California payroll tax number, as well as the access code provided in the CalSavers Notice.
Eligible Employers must remain neutral about the CalSavers program and may not encourage employees to participate, or discourage them from doing so.
Refer employees with questions about CalSavers to the CalSavers website or to Client Services at 855-650-6918 or email@example.com.