Mandatory Retirement Plans

Mandatory Retirement Plans – CA law now requires CA employers not already offering employer-sponsored retirement plan to begin retirement plan withholdings – either to an employer-sponsored plan or to Cal Savers.  Employer participation is mandatory and registration deadlines vary based on employer size. For more information, please visit www.calsavers.com 

• More than 100 employees – deadline was September 30, 2020
• More than 50 employees – deadline is June 30, 2021
• Five or more employees – deadline is June 30, 2022

This will be the starter subject at our February 26, 2021 Coffee and HR Convo – our Members Only networking monthly Zoom call.