
401(k) for California Businesses
Deadlines to fulfill the California retirement plan mandate:
• June 30, 2022 — 5 to 49 Employees
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Privacy PolicyPaychex 401(k) Plan
A More Powerful Option Than the CalSavers Program
- Fulfills the California state retirement mandate
- Paychex sets up the plan and helps with plan administration
- Higher contribution limits so employees can save more, faster
- Tax savings opportunities, including potential tax credits
- Payroll/retirement integration—one platform, one provider
- The experience of the nation’s number one 401(k) plan recordkeeper**

CalSavers IRA vs. Paychex 401(k) Plan
State — IRA
401(k) (Offered by Paychex)
Based on 2022 IRS Contribution Limits
$6,000
$20,500
No
Yes, at employer’s discretion
No
Opportunity for up to $5,000 per year, for the first 3 years
Employer processes payroll contributions, updates contribution rates, adds newly eligible, etc.
Paychex makes administration simpler as your recordkeeper
Simplify Retirement Plan Management With Paychex Flex
Watch our demo to see the power of Paychex Flex, step by step.
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Empower and Attract Employees
Empower and Attract Employees
Innovative retirement self-service tools make it easy for 401(k) participants and employees to access accounts via mobile device or online portal.
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Make it Easy to Enroll in Your Plan
Make it Easy to Enroll in Your Plan
Quick enrollment feature allows employees to sign up for a retirement plan in four clicks.
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Give Participants Access to their Account
Give Participants Access to their Account
Our online dashboard gives an at-a-glance view of accounts and enables participants to make adjustments quickly. They can maximize contributions with the auto-increase feature, check their progress, and select investments.
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Simplify Complex Plan Management
Simplify Complex Plan Management
Complex processes such as investment selection, changing plan contributions, existing and pending loan status, and distribution methods including ACH options are simplified with an easy-to-use dashboard.
Thinking and Planning for the Future
ESET North America uses its retirement benefit to engage its workforce
ESET North America demonstrates how it values its workforce with a 401(k) plan through Paychex that helps employees actively participate and save for retirement while the company benefits from time-saving integration with payroll and compliance.

Offering a 401(k) through Paychex really helped us to recruit and retain the employees, but I also feel good about providing a benefit to the employees that I can stand behind.
Pooled Employer Plan: The 401(k) Plan Designed for Small to Medium-Sized Businesses
The Paychex Pooled Employer Plan (PEP) makes it easier for business of any size to offer a 401(k) plan, one of the most popular retirement plans with employees.

Find a 401(k) Plan That Fits Your Needs
We have specialists ready to help you understand your plan options and to make sure that you are choosing the plan that best fits your needs.