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gavel CalSavers places minimal responsibilities on employers, who will have no responsibility for workers’ decisions to invest in the IRAs, no responsibility for investments offered in the plan, and ultimately, no liability. (Photo: Shutterstock)

A lawsuit asking a federal court to stop California from implementing CalSavers, a state-administered automatic IRA savings program intended to fill the access gap to employer-sponsored retirement plans, hinges on whether or not the program will be considered an employee benefits plan under federal law, according to two attorneys.

Nick Thornton

BenefitsPRO

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