What is CalSavers,
and are you compliant?  

CalSavers, Retirement Plans and Your Company 


In 2016, the California legislature passed a law designed to encourage employees to save for retirement. It mandates that employers with 5 or more employees provide a qualified retirement saving program for their employees.  All registered employers must either register for CalSavers or implement a qualifying retirement plan.


What are the CalSavers eligibility requirements? 

California employers are required by state law to facilitate CalSavers if they don't offer an employer-sponsored retirement plan and have five or more employees*.

All eligible employers can register are any time prior to their registration deadline.


*Employer eligibility and compliance deadlines are based on the average employees you reported to the Employment Development Department for the four previous DE9C filings. 

Compliance dates for different employer sizes.

Fees for non-compliance : $250 per employee.

Rightsizing benefits:  The Choice is Yours

Xiggit is a financial wellness benefit that includes retirement, savings, financial education, and built-in 'matching'. Xiggit has more impact on the overall financial health of employees than a Roth IRA or 401k without these extras. Employees can earn more savings through Xiggit's Boosts.


Xiggit complies with the CalSavers law and can be selected as an alternative payroll deduction IRA. 

It only takes minutes to roll out Xiggit by linking your payroll in our employer portal.  Once enrolled, Xiggit automates all of the communications to your employees and money movement. It's easy to synchronize the payroll deductions using our employer portal and payroll integrations.   

Xiggit, CalSavers and 401ks

Employers typically have employees with different needs in their lifetime financial journey making the 401k ideal for some employees and the IRA is better for others. With Xiggit, employers can offer a 401k and an IRA to meet the needs of all employees.  

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