CalSavers Retirement Savings Program

FREQUENTLY ASKED QUESTIONS

1. What is CalSavers?

CalSavers is California’s new retirement savings program for workers who do not currently have a way to save at work. You can save for retirement by making automatic contributions from your paycheck into an individual retirement account. Unless you choose to opt out, you will be automatically enrolled.

2. Why did Accredited provided my information to CalSavers?

California regulations require that California employers, who do not already offer an employer-sponsored retirement plan and who have five or more employees, either sponsor a retirement plan or register for CalSavers.  Since Accredited does not offer an employer-sponsored retirement plan, we registered for CalSavers and provided our employees’ contact information (as required by California Law).

3. What do Accredited employees need to do?

All employees need to review the CalSavers materials, then decide before September 25, 2020 if they wish to participate or not.  In 30 days, you will be automatically enrolled in CalSavers to start saving 5% of your gross pay into your own Roth Individual Retirement Account (Roth IRA), unless you choose to opt out.

4. How do I opt out and avoid having Accredited withhold from my paychecks?

You can choose not to participate or stop contributing by visiting saver.calsavers.com. You can also call CalSavers Client Services to request a paper opt-out form.

CalSavers Employee Assistance: (855) 650 – 6918.

5. Who at Accredited can help me with my CalSavers account?

Unfortunately, Accredited staff are not permitted to assist with our employees’ participation in CalSavers, nor can we act on their behalf.  Employees must take action on their own, following the instructions provided by CalSavers.