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CalSavers: Threshold Number of Employees Required for Coverage Will Drop to One
Murphy Austin Link to more items from this source
[Guidance Overview]
Aug. 30, 2022

"Under the new law, the threshold drops from five or more employees to one or more employees [on December 31, 2025].... All California employers ... should consider whether a private plan can be designed to better meet their goals than the state run CalSavers. Those with under 5 employees, in particular, have time ... to discuss private plan designs that may be a better option before being subject to CalSavers."

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