We are thrilled to announce that the California Savings Plus Program has been honored with two prestigious awards! These awards recognize our collective efforts in participant education and holistic financial wellness. These achievements are a testament to your engagement and commitment to securing a better financial future.

Award for Participant Education and Communication: Savings Plus Participants Save Campaign

Our “Participants Save Campaign” has been awarded for its innovative approach to participant education and communication. In response to the economic challenges faced by California residents in 2022, this campaign aimed to encourage you to increase your contributions and improve your financial security in retirement. Thanks to your participation, we saw a 22.3% increase in contributions and a $1.4 billion growth in plan assets. Your proactive engagement with our educational resources, targeted campaigns, and comprehensive welcome email journey made this success possible.

Award for Holistic Financial Wellness: Virtual Adventure Center

The “Virtual Adventure Center” initiative has been recognized for its holistic approach to financial wellness. In 2023, we hosted a virtual benefit fair designed to provide you with valuable tools and resources in a fun and interactive environment. The fair featured engaging videos, webinars, and self-guided journeys tailored to your retirement stages. During the initiative, you took steps to own your financial future. You and other Savings Plus participants took the time to access 30% more educational content on factors that can affect you today and in retirement. You also took action - virtual fair attendees took 22% more actions, such as enrolling in the plan and managing existing accounts. This initiative also saved significant costs compared to in-person benefits fairs, allowing us to further invest in your benefits.

These awards highlight our commitment to empowering you with the knowledge and resources needed to achieve financial security and retirement readiness. Congratulations to all our participants for your exceptional engagement and dedication to your financial success!

Thank you for being an integral part of the Savings Plus community. Together, we are building a brighter financial future!