Get Started

Employers: Here's a Better, Easier Alternative to CalSavers

By this July, all California employers with 5+ employees will be required by State law to provide a retirement plan.

You have two options: The CalSavers Roth IRA, or an independent CalSavers-compliant 401(k) like ForUsAll.

A low-cost 401(k) from ForUsAll allows 3X more savings for you, great benefits for your employees, and access to exciting investment options like cryptocurrencies. 

Registration Deadline: June 20, 2022

For Employers with 5+ Employees

Interested in learning more about our CalSavers-compliant 401(k)? Schedule a Chat

hero-shape-2

More benefits for you and your employees

ForUsAll’s low-cost 401(k) is CalSavers-compliant, and has many advantages over a CalSavers Roth IRA:

ForUsAll CalSavers

Employers

 null null

Retirement plan type

401(k)

Roth IRA

Employer tax credits

up to $15,0001

$0

Automated plan administration

Yes

No

Integrates with payroll

Yes

No

Compliance guarantee

Yes

No

Save hours of manual work

Yes

No

Employees

 null null

Employee fees

0.59%4

0.8875%4

Max. employee contributions

up to $20,500

$6,000

One-on-one financial advice

Yes

No

Pre- & post-tax deferrals

Yes

No2

Access to cryptocurrencies

Yes

No

Profit sharing

Yes

No

Employer match

Yes

No

Still not sure?  Book a call with one of our Retirement Experts.

Book a Time

Act now to avoid the State's penalties

Once CalSavers sends you a notice, you'll have 90 days to comply or be fined $250 per employee. After 180 days, if you still haven’t registered or filed for exemption3, there’s an additional penalty of $500 per employee.

Get Started

Not sure? Talk to us

We have deep retirement plan experience

We’re an independent 401(k) technology firm, founded in 2012. Today, we’re responsible for over $1.5B of retirement savings for over 70,000 employees at more than 400 companies nationwide. You have a choice, and we hope you’ll let us help.

Chat with an Advisor
  • MM-corp-logo
  • voya-logo
  • empower-logo
  • ADP-logo
  • charles-logo
  • ascensus-logo
  • vanguard-logo

  • $1.5B in assets under advisement

  • 400+ companies nationwide

“We’re on a mission to make sure every American has a fair shot at a brighter financial future.”

This information is provided for informational purposes only. ForUsAll is not affiliated with, or endorsed by, the State of California.

  1. CalSavers-compliant 401(k) maximum savings per year: $19,500 for savers under 50 years of age, and $26,000 for savers 50 years of age and over, while the CalSavers Roth IRA allows a maximum of $6,000 per year. With a 401(k), employers are eligible for up to $5,000 tax credit per year for 3 years, up to a maximum tax credit of $15,000. Full details here.
  2. CalSavers Roth IRA allows post-tax deferrals only, however, employees may convert their Roth deferrals to pre-tax at any time.
  3. Exemption is allowed if an employer already has, or initiates, a qualified retirement plan. Such plans include: 403(a) - Qualified Annuity Plan or 403(b) Tax-Sheltered Annuity Plan; 408(k) - Simplified Employee Pension (SEP) plans; 408(p) - Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA Plan; 401(a) – Qualified Plan (including profit-sharing plans and defined benefit plans); 401(k) plans (including multiple employer plans or pooled employer plans); Payroll deduction IRAs with automatic enrollment.
  4. Average of asset-based fees + fund fees (may change based on fund allocation).

    ForUsAll Logo

©2024 ForUsAll, Inc. All rights reserved.