What Small Businesses Need to Know for 2020

Updated: Mar 11

With the New Year comes new laws, and we at the SacAsian Chamber of Commerce have the rundown on what your business needs to navigate 2020.


CalSavers – Retirement Savings Program

CalSavers is a statewide retirement savings program. It was created to provide workers access to a workplace retirement savings program.

What you need to know:

Businesses with more than 5 employees must provide a retirement plan or access to CalSavers. There is no need to register for CalSavers if another qualified retirement plan is already provided.


What you can do:

CalSavers operates through administrative fees so there is no cost to tax payers. There is no extra fiduciary responsibilities for employers – they only need to register for the plan, set up the account, and submit participating employee information to the official site.


The registration deadlines for this retirement program is as follows:

  • June 30, 2020 – Businesses with over 100 employees

  • June 30, 2021 – Businesses with over 50 employees

  • June 30, 2022 – Businesses with 5 or more employees

Get More Information:

CalSavers - https://www.calsavers.com/

California State Treasurer - https://www.treasurer.ca.gov/scib/

Employment Development Department - https://www.edd.ca.gov/employers/calsavers.htm

PAI Retirement Team - https://www.pai.com/blog/everything-you-need-to-know-about-calsavers

Business Insider - https://www.businessinsider.com/california-employer-ira-retirement-accounts-calsavers-2018-11


Sexual Harassment Prevention Training

In accordance to Senate Bill 778, businesses with more than 5 employees are required to provide sexual harassment prevention training by January 1, 2021. This law went into effect on August 30, 2019.


What you need to know:

All employers have a duty to prevent and correct harassment in the workplace. A written policy about harassment, discrimination, and retaliation prevention must be distributed to all employees and reinforced in the workplace.


Employers are required to provide training to all employees every 2 years. Supervisors are required to have 2 hours of training and other employees are required to have 1 hour of training. Training must take place within 6 months of being hired.


What you can do about it:

There are a number of services and programs available that provides sexual harassment training certification. The SacAsian Chamber partnered with myCEcourse to offer a cost effective, online solution for small businesses to keep in compliance with the updated laws. See our webpage for details on how to access the online course.


Get More Information:

SacAsian Online Sexual Harassment Training - sacasianlearning.com

CA Legislative Information - https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB778

CA Department of Fair Employment and Housing - https://www.dfeh.ca.gov/resources-2/frequently-asked-questions/employment-faqs/sexual-harassment-faqs/

SacAsian Learning - https://mycecourse.com/pages/sacasian-course-package

Society for Human Resource Management (SHRM) - https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/california_complying-with-california-sexual-harassment-training-requirements.aspx


Health Care Coverage

Covered California for Small Business (CCSB) allows small businesses in California to provide employees with their choice of coverage. CCSB offers many advantages for small business, helping employers find health insurance for employees within budget. In 2020, CCSB announced expanded carrier choices and an average rate change of 4.1%.


What you need to know:

Businesses with more than 50 employees need to offer health insurance. CCSB offers health and dental coverage options for small businesses with 1-100 employees. Even when a business chooses to purchase coverage from multiple carriers, there will only be one consolidated monthly bill. Individuals who qualify can get financial assistance on a sliding scale to reduce premium costs.


What you can do about it:

Businesses need to apply to Covered California for Small Business using the most up-to-date enrollment application form. No cost assistance is available through CCSB Certified Insurance Agents who can answer all your questions.


You are eligible for CCSB if:

  • You have at least 1 employee who receives a W-2

  • The majority of your eligible employees live in California

  • You have 1-100 eligible employees who meet certain contribution and participation requirements

Get More Information:

Covered California for Small Business - https://www.coveredca.com/forsmallbusiness/

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