State-Run Retirement Plans (e.g., CalSavers)
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Overview
Tagline Brand's website · 2026-10-04
Mandatory, state-run program for private-sector workers in California providing an accessible, low-cost way to save for retirement, without direct employer contributions.
Description Brand's website · 2026-10-04
CalSavers is a state-sponsored retirement savings program for eligible private-sector workers in California whose employers do not offer a qualified retirement plan. It features automatic enrollment into Roth IRAs, with employers facilitating deductions but not contributing to employee accounts.
Offerings
Core capabilities Brand's website · 2026-10-04
State-sponsored Roth IRA retirement savings plans with automatic enrollment.
Pricing Brand's website · 2026-10-04
Participant-funded fees on investment options (not explicitly detailed, but implied typical for Roth IRAs managed by a program administrator).
Audience
Target industry Brand's website · 2026-10-04
California private-sector employees (age 18+) whose employers don't offer a retirement plan; California employers with 1+ employees not offering a qualified retirement plan.
Landscape
Competitors Brand's website · 2026-10-04
- Fidelity Investments
- Vanguard
- ADP
- Paychex
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Claim State-Run Retirement Plans (e.g., CalSavers) — free →Page last updated 2026-10-04.