CalSavers Mandate Compliance – Don’t Wait Until the Deadline
Dear Clients,
I want to personally bring to your attention a key compliance requirement under California law that may impact your business.
As your CPA, we are committed to keeping you informed and helping you stay ahead of mandates like this, so you won’t have to scramble at the last minute.
California now requires all employers with at least one California-based employee to comply with the CalSavers retirement program mandate.
If your business does not already offer a qualified retirement plan, you must register with CalSavers by December 31, 2025, to avoid penalties.
Even though the deadline seems to be far away, we strongly recommend tackling this now to ensure smooth compliance and avoid last-minute issues.
Here’s what you need to know:
- If your business already offers a qualified retirement plan:
You must still formally certify your exemption through the CalSavers portal. We can assist you in submitting this exemption.
- If your business does not offer a retirement plan:
You are required to register with CalSavers. Our team is ready to guide you through the process and help you avoid potential penalties.
- If you are a business with no employees other than the owner(s):
You are exempt from the mandate but still must file a certification of exemption on the CalSavers portal. We can assist with that as well.
- If you don’t have any employees:
You are automatically exempt from the mandate and no exemption certification is required.
Please reach out if you’d like our help reviewing your status and ensuring you’re fully compliant. Let’s take care of this sooner rather than later.
We’re here to support you every step of the way.
