CalSavers: Complying with California’s Mandated Retirement Plan
Are you a California employer? Do you have more than five (5) full-time or part-time employees?If you answer yes to both questions and you do not maintain an employer-sponsored retirement plan for your employees, you should know that California has a state mandated retirement plan known as CalSavers. This new California law promotes employee savings for retirement. Under this program, employers have no liability or fiduciary responsibilities. Further, employers have minimal administrative duties and are not responsible for administrative fees.
