Registration is open for all employers. Use your access code to start facilitating CalSavers or exempt your business if you already offer a retirement plan.
Make retirement a reality with CalSavers. Start saving for your future today.
CalSavers is California’s retirement savings program for workers who do not have a way to save for retirement at work. With CalSavers, millions of California workers have the opportunity to get on track for their future.
Savers contribute a portion of each paycheck to an Individual Retirement Account (IRA) that belongs to them. Each saver decides how much to contribute and where this money is invested.
CalSavers is available to California workers whose employers don’t offer a retirement plan, self-employed individuals, and others who want to save extra.
Participating employers only need to complete a few actions: Register their company by specific deadlines, facilitate payroll deductions each pay period, and keep their employee roster current.
Get more details about the state law, your mandate status, and deadlines.
CalSavers can help you on the path to retirement savings. Learn more about your options.
Interested in learning
more about CalSavers?
We offer many opportunities to meet with our dedicated and experienced Client Services team to learn about the progam.
View an overview from the CalSavers team.
California’s business owners and industry groups are excited about CalSavers.
It’s just the right thing to do.
Owner, Penny Ice Creamery
CalSavers puts my mind at ease because I know my team is in good hands.
Director of People & Culture, Red Bay Coffee
It will help small businesses save time and money, and is truly a win-win for small businesses.
Co-owner, The Booksmith
Individuals have not received compensation for their testimonial. Testimonial may not be representative of the experience of other customers.
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The CalSavers Retirement Savings Program (“CalSavers” or the “Program”) is an automatic enrollment payroll deduction IRA overseen by the CalSavers Retirement Savings Board (“Board”). Ascensus College Savings Recordkeeping Services, LLC (“ACSR”) is the program administrator. ACSR and its affiliates are responsible for day-to-day program operations. Participants saving through CalSavers beneficially own and have control over their IRAs, as provided in the Program Disclosure Booklet available at saver.calsavers.com. CalSavers is not sponsored by the employer, and therefore the employer is not responsible for the Program or liable as a Program sponsor. Employers are not permitted to endorse the Program or encourage or advise employees on whether to participate, how much (if any) to contribute or provide investment help.
CalSavers offers investment options selected by the Board. For more information on CalSavers’ investment options go to saver.calsavers.com. Account balances in CalSavers will vary with market conditions. Investments in CalSavers are not guaranteed or insured by the Board, the State of California, the Federal Deposit Insurance Corporation, or any other organization.
CalSavers is a completely voluntary retirement program. Savers may opt out at any time or reduce or increase the amount of payroll contributions. If a saver opts out they can later opt back into CalSavers.
Saving through an IRA may not be appropriate for all individuals. Employer facilitation of CalSavers should not be considered an endorsement or recommendation by a participating employer, IRAs, or the investment options offered through CalSavers. IRAs are not exclusive to CalSavers and can be obtained outside of the Program and contributed to outside of payroll deduction. Contributing to a CalSavers IRA through payroll deduction may offer some tax benefits and consequences. However, not everyone is eligible to contribute to a Roth IRA and savers should consult a tax or financial advisor if they have questions related to taxes or investments. Employers do not provide financial advice and employees should not contact an employer for financial advice. Employers should refer all questions about the Program to CalSavers. Employers are not liable for decisions employees make pursuant to Section 100034 of the California Government Code.
