Over 30 states have considered enacting state-mandated retirement plan legislation, with 14 states implementing those programs into law. Find your state on the map below to find out up to date information on how your small business can comply with the state law.
No mandate planned for Alabama. Be competitive and offer one anyway.
Find Your Plan ]]>State-Run Option:
State Plan Type:
IRA
Status:
CalSavers has staggered deadlines based on number of employees. The final deadline — for companies with five or more employees — passed on June 30, 2022.
Get Started ]]>State-Run Option:
Colorado Secure Savings Programs
State Plan Type:
IRA
Status:
The pilot program begins in October 2022; enrollment begins in 2023.
Find Your Plan ]]>State-Run Option:
State Plan Type:
IRA
Status:
Already live
Find Your Plan ]]>No mandate planned for Washington, D.C.. Be competitive and offer one anyway.
Find Your Plan ]]>No mandate planned for Florida. Be competitive and offer one anyway.
Find Your Plan ]]>State-Run Option:
Illinois Secure Choice Retirement Program
State Plan Type:
Roth IRA
Status:
Upcoming enrollment deadlines include:
State-Run Option:
State Plan Type:
Multiple Employer Plan (MEP), a tax deferred and post-tax 401(k) savings plan developed for employees of eligible small nonprofit organizations.
Status:
Already live
Find Your Plan ]]>State-Run Option:
Small Business Retirement Savings Program (Maryland $aves)
State Plan Type:
IRA
Status:
Comply by December 1, 2022 to avoid the State of Maryland’s $300 annual report filing fee for 2023.
Get Started ]]>State-Run Option:
Maine Retirement Savings ProgramMaine Retirement Savings Program
State Plan Type:
Roth IRA
Status:
Launching April 1, 2023, the program will be implemented in three phases, based on company size, with the following enrollment deadlines:
Eligible employers of all sizes can voluntarily start offering the program to their employees before these deadlines.
Find Your Plan ]]>State-Run Option:
New Jersey Secure Choice Savings Program Fund
State Plan Type:
IRA
Status:
Already live
Find Your Plan ]]>State-Run Option:
New Mexico Work and Save Program
State Plan Type:
Hybrid program consisting of a voluntary IRA and web marketplace. Marketplace options to be determined by the Board.
Status:
Launching July 1, 2024.
Find Your Plan ]]>State-Run Option:
New York State Secure Choice Savings Program
State Plan Type:
IRA
Status:
Launch was postponed indefinitely.
Find Your Plan ]]>State-Run Option:
State Plan Type:
IRA
Status:
Already live and mandatory for all companies with 5 or more employees; early 2023 for companies with fewer than 5 employees.
Find Your Plan ]]>No mandate planned for South Dakota. Be competitive and offer one anyway.
Find Your Plan ]]>State-Run Option:
State Plan Type:
IRA
Status:
Staggered deadlines starting on or before July 1, 2023.
Find Your Plan ]]>State-Run Option:
Green Mountain Secure Retirement Plan
State Plan Type:
MEP designed for employers with 50 or fewer employees (including self-employed) and employers that currently do not offer a retirement plan.
Status:
Launch was expected in 2021 but no further updates are available.
Find Your Plan ]]>State-Run Option:
Retirement Small Business Marketplace (run by the Washington State Department of Commerce)
State Plan Type:
Participating financial service providers offer 9 types of low-cost IRAs and 401(k)s to companies with less than 100 employees including sole proprietors and self-employed.
Status:
Already live
Find Your Plan ]]>Talk to Sales
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44 Montgomery Street, Suite 300
San Francisco, CA 94104