Comprehensive Retirement Solutions for Employers

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California State Mandate

All California employers with one or more employees are required by law to offer a retirement plan. Alpha Retirement helps you meet the mandate efficiently and affordably.

COMPLIANCE & REGULATION

Staying Compliant

Staying compliant with state and federal retirement plan mandates can be complex. Alpha Retirement makes it simple, ensuring your business meets legal requirements while helping your employees build a stronger financial future.

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Understanding CalSavers: What California Employers Need to Know

CalSavers is a state-mandated retirement program designed for California employers who do not sponsor a qualified retirement plan (such as a 401(k), 403(b), SEP IRA, or SIMPLE IRA). Under California law, employers who meet certain size thresholds are required to either enroll in CalSavers or offer their own employer-sponsored retirement plan.

Number of EmployeesCompliance Deadline
100+September 30, 2020
50+June 30, 2021
5+June 30, 2022
1-4December 31, 2025 (New requirement per SB-1125)
Number of EmployeesCompliance Deadline
100+September 30, 2020
50+June 30, 2021
5+ June 30, 2022
1-4December 31, 2025 (New requirement per SB-1125)

What Happens if You Don’t Comply?

Failure to register or certify exemption may result in fines:

$250 per employee after 90 days of non-compliance
$500 per employee after 180 days

Key Features of CalSavers

Automatic Enrollment at 5% payroll deduction
Roth IRA structure (subject to IRS income limits)
Employees can opt out or adjust their rate
No employer contributions allowed
Manages by the State Treasurer’s Office

How to Avoid CalSavers

Employers can opt out of CalSavers only if they offer their own qualified plan, such as a 401(k) or 403(b). That?s where we come in.

At Alpha Retirement Advisors, we help you:

  • Design a compliant 401(k) or 403(b) plan that meets your needs
  • Reduce administrative burdens and legal risk
  • Avoid costly penalties and loss of control over your retirement offering

SECURE Act 2.0 Compliance

We help your business comply with new federal legislation that expands retirement plan access and improves savings rates.

Key Highlights of SECURE Act 2.0:

  • Increased tax credits for small businesses starting new plans
  • Automatic enrollment and auto-escalation features
  • Higher catch-up contributions for older employees
  • Roth treatment for employer matching contributions
  • Expanded part-time worker eligibility

Schedule a Compliance Review Today!

Contact us today to schedule your no-obligation Compliance Review and discover how our expert advisors can help safeguard your business, simplify your processes, and ensure full regulatory confidence. We are the advisors for tomorrow – delivering forward-thinking solutions today.

Contact us

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