Help your team save more and meet California's retirement plan mandate with a Guideline 401(k).
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The CalSavers Retirement Savings Program was created to encourage more people to save for retirement. It requires employers with 5 or more California-based employees to provide access to a retirement plan.
As an employer, you can choose the type of plan you’d like to offer: the state-sponsored plan or a qualified CalSavers alternative, like a Guideline 401(k).
Now is the time to start a retirement plan, meet the mandate and avoid potential penalties.
June 30, 2022
5+ employees
More benefits for you and your employees
With a Guideline 401(k), you have more options. Employer matching, profit sharing, vesting schedules, eligibility requirements—you can add these features to fit your business and create a stronger retirement benefit.
With a 401(k), your employees can contribute more than they could with an IRA. With a Guideline account, they’ll get access to low-cost investments and zero transaction fees.
We can connect with top payroll providers to automate plan administration and employee onboarding—so you can add a popular work benefit without all the added paperwork. We also take care of investments, government filings, and more.
We provide 40+ investment options and professionally managed portfolios. We also provide educational webinars, portfolio recommendations, and live support—so your employees can start saving with confidence.
Investment options
40+
16
Retirement plan type
401(k)
Roth IRA
Professionally managed portfolios
6
0
Employer match
Yes
No
Annual employee account fee
0.08%
($8 for every $10,000)
0.80%
($80 for every $10,000)
Monthly employer fee
Starting at $49/month + $8 per active participant
None
Profit sharing
Yes
No
Maximum employee contributions for 2023
$22,500
$6,500
If you’re starting a new 401(k), your small business may be eligible to receive up to $16,500 in tax credits over the plan’s first three years to help offset initial plan costs.
Everyone has a future.
Now everyone can invest in one.
Employers are required to offer a retirement savings plan if they have 5 or more California-based employees, and if at least one of those employees is 18 or older. The plan can either be a private plan like a 401(k) or the state administered plan, CalSavers.
The final deadline was June 30, 2022. Now, except for businesses that become newly eligible for Calsavers in 2022, all employers with 5 or more California-based employees are required to provide access to a retirement plan. If you missed the deadline, enforcement actions are pending.
Employers with 5 or more California-based employees, with at least one of whom is age 18.
Yes. Guideline's 401(k) plans are designed and priced with small businesses in mind. Starting a Guideline 401(k) satisfies the California retirement mandate.
Yes you do. But as a newly eligible business, you have until December 31, 2023, to sign up for CalSavers or offer a qualified retirement plan.