Practice Advisory|

CalSavers Retirement Program

California law is beginning to phase in a requirement that most employers (5 or more employees) must either offer their employees an employer-sponsored retirement plan or facilitate their employees ability to participate in the new CalSavers retirement program.

Under this law, eligible employers must register with CalSavers no later than these deadlines:

More than 100 employees           September 30, 2020

More than 50 employees              June 30, 2021

5 or more employees                     June 30, 2022


What Employers Must Do

Are you an employer of 5 or more employees?  Then you must register with the CalSavers program no later than the above dates, as applicable.  If you already offer a qualified employer-sponsored retirement plan, you can register as exempt.  If you do not offer an employer-sponsored plan, and do not wish to, you must register with CalSavers to facilitate your employees access to the program.


What Are Qualified Employer-Sponsored Retirement Plans

Qualified plans include:

  • Qualified pension or profit sharing plans under 401(a)
  • 401(k) plans;
  • 403(a) plans;
  • 403(b) plans;
  • Simplified Employee Pension (SEP) plans;
  • Savings Incentive Match Plan for Employees (SIMPLE) plans;
  • Payroll deduction IRAs with automatic enrollment.


What is CalSavers?

CalSavers is a California retirement savings plan available to workers whose employers do not offer a workplace retirement plan, self-employed individuals, and others who want to save extra.  Savers contribute to an IRA.  The employer has limited responsibilities, and no fees or fiduciary responsibilities.

Eligible employers that offer a qualified employer-sponsored retirement plan can opt-out by registering as exempt.  Those who do not offer a retirement plan must register with CalSavers for their employees to be able to access this retirement program.

For more information and to register (to facilitate your employees access or to declare your exemption), visit the CalSavers website.





AIA California
AIA California
AIA California is dedicated to serving its members, and uniting all architecture professionals in the design of a more just, equitable and resilient future through advocacy, education and political action. It celebrates more than 75 years of service and, today, is composed of more than 11,000 members across the state.

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