5 or More Employees? Read this!

September 5, 2021 by Michael Simkins

California employers — including nonprofits — are required by state law to facilitate enrollment in the CalSavers program if they don’t offer an employer-sponsored retirement plan and have five or more employees. All eligible employers can register at any time prior to their registration deadline. The deadline for employers with more than 50 employees was June 30, 2021. The deadline for those with 5 or more is June 30, 2022.

Don’t get caught behind on this one! If you are not in compliance, you face a fine of $250 to $500 per employee. Click the the link below for full information.

“Many times you do not want to go to a meeting or conference or class, but you do anyway because you’re hoping to hear that one idea that can be truly beneficial. Every time I have gone to Spokes, I’ve come away with more than one of those ideas. The resources they offer have been critical to the progress of our foundation. The experts they host have always been high caliber, and Spokes provided a direct connection to a grant writer who has helped us tremendously.”

Frank Kalman
Executive Director
Kids Cancer Research Foundation
San Luis Obispo, California

What Else Are Members Saying?

5 or More Employees? Read this!

Guiding nonprofits to achieve their goals through support and expert resources.

How Can We Make A Difference Together?

Recent Articles