A letter from CalSavers Compliance Support
As you may know, the state’s retirement mandate was expanded in 2022 to include all employers with at least one employee who isn’t an owner. These businesses must either sponsor a retirement plan or join CalSavers by December 31, 2025. Noncompliance may result in penalties, making it essential for businesses to take action before the deadline.
Employers with 1-4 employees in your area will begin receiving notices about their responsibilities between February 1 and 21, 2025. The goal is to raise early awareness among newly mandated employers and encourage them to register early, so they can take full advantage of the various resources we have to support them along the way. We anticipate that many small business owners will look to their local chambers for guidance, and we’d love to partner with you to ensure they’re informed and supported.
To make it as easy as possible, we’ve provided all the materials you’ll need in our campaign toolkit, including prewritten newsletter content, social media posts and employer flyers among other resources. You can also access our comprehensive toolkit for additional information.
Your support is vital in helping local businesses comply with this important requirement. Together, we can ensure that employers in your community are ready and informed. To discuss how we can collaborate to inform and support your members, please schedule a meeting with me at your convenience. If your members have questions, they can schedule a meeting with one of our field team representatives, who can assist them with the registration and facilitation of CalSavers.
Kind regards,
Carolina Hernandez
Outreach and Client Services Manager
CalSavers Retirement Savings Board
California State Treasurer’s Office
