Are you familiar with the Colorado Secure Savings Program?

Are you familiar with the Colorado Secure Savings Program?

• Requires employers to provide employees with access to a retirement program at work.

• If you offer a 401K or SIMPLE IRA plan today, you will be unaffected by the law.

• Employers are not required to contribute to the plan but must provide access.

• If you don’t currently offer a plan, you have two options:

  • Implement an employer sponsored plan, like a 401K or SIMPLE IRA.

  • Participate in the state sponsored program that will be available to all qualified employers.

Timeline:         

March 2022      Rulemaking begins

July 2022          Rules are finalized

October 2022   Pilot program launches

2023                 Enrollment Begins

If you need more information about Colorado Employment Laws or support with your policies and procedures, we are here to help!