Don’t Get Tripped up Over State-mandated Retirement Plans

国家强制的退休计划旨在推动(嗯,推动)雇主帮助员工为未来储蓄。但是,所有不同的规则和规定可能会导致你在提供退休计划的路上旅行。

不要被绊倒。我们在这里帮助您了解自己的责任。继续阅读以了解具有强制性退休计划和每个计划的细节的州。

国家规定的退休计划是什么?

国家规定的退休计划是指国家要求符合条件的雇主为雇员提供退休计划选择权。通常,雇主可以在注册雇员参加国家赞助计划或提供合格的退休计划(例如401(k))之间进行选择。参加州退休计划的雇员没有为雇员帐户贡献。

国家规定的退休:某些州要求某些或所有雇主为雇员提供退休计划选择。通常,雇主可以在注册雇员参加国家赞助计划或提供合格计划替代方案之间进行选择(例如401(k))。

国家赞助的退休计划通常是罗斯个人退休帐户(IRA)。员工通过税后资金为Roth IRAS提供资金,因此他们在撤回退休资金时不需要纳税。员工选择参加,并可以选择他们想要贡献的程度。然后,雇主扣留每个薪水的雇员捐款,并汇给雇员的帐户。

You are not the plan sponsor if you enroll employees in a state-sponsored retirement program. The state oversees the program. You simply handle contributions and remittances, along with any related administrative responsibilities.

不遵守你所在州的强制退休计划可能会导致数百或数千的罚款,这取决于你所在的州。

Are employers required to offer 401(k) plans?

You may be wondering,Is 401(k) mandatory for employers to offer?The answer depends on your state, along with factors such as your:

  • Number of employees
  • Length of time in business
  • 当前的退休计划(如果适用)

For a more in-depth look at whether you need to offer employees a 401(k) or another qualifying retirement plan, understand your state requirements (which we’ll get to later).

什么是合格的退休计划替代方案?

Already offer a retirement plan? Great! It may satisfy your state’s requirements. Again, mandatory retirement laws by state require that you either enroll employees in your state programoroffer a qualifying retirement plan.

合格的退休计划可能包括:

  • 401(k) plans
  • 简单的IRA计划
  • Qualified annuity plans
  • 简化员工退休金计划
Want to set up a 401(k) plan for your business instead of facilitating the state program? Patriot has partnered with Vestwell to offer affordable retirement plans for small businesses that integrate with our payroll software.您可以学习更多或从这里开始。

Benefits of mandatory retirement plans

快速,停止那只眼动!国家赞助的退休计划现在可能会感到不知所措,但他们也为您和员工带来了许多好处。

Offering a retirement program can:

  • Boost your employer brand by adding a new benefit
  • Attract new hires and keep you competitive
  • Help employees save for retirement
  • Score you401(k) tax credits(if you start a new 401(k) plan and/or add an automatic enrollment feature)

请记住,退休计划通常是有成本的——包括国家资助的计划和个人计划。例如,一些州有雇主必须支付的年度报告申请费。

States with mandatory retirement plans

只关于10% of employees在小型企业中,有一个退休计划。是的。如果您认为该统计数据很低,那么您是正确的。它islow, which is why states are lining up to implement mandatory retirement plans.

但是,就像任何新的,国家规定的退休计划一样,雇主,尤其是小雇主会感到困惑。因为成为州法律的专家是hard。而且,当您在业务中兼顾其他一百万件事时,可能会感到完全不可能。

So, we’re here to bring you the basics of state-mandated retirement plans.

Below is a list of states that require retirement plans, along with states that passed legislation and are working on implementing plans soon.

If you don’t see your state, hang tight. It may pass a law to implement a state-mandated retirement program sooner rather than later.

加利福尼亚

CalSavers是加利福尼亚州规定的退休计划的名称。通过Calsavers,员工可以为个人Roth IRA做出贡献。

雇员人数超过5人的雇主必须参与CalSavers计划,或提供符合条件的退休计划。

The deadline for enrolling in CalSavers or offering an alternative has passed. All employers with five or more employees should be compliant.

Check out加利福尼亚’s retirement plan websitefor more information.

Colorado

The Colorado Secure Savings Program is an upcoming state-mandated retirement program. Currently, the state is finalizing rules for enrollment in 2023.

Employers with five or more employees who have been in business for at least two years must comply with the new law.

You can review科罗拉多州的网站有关该程序的更多信息。

Connecticut

Connecticut’s state-mandated retirement program,myctsavings,是罗斯艾拉。

拥有五个或更多雇员的雇主每年支付超过5,000美元must enroll or offer a qualifying plan alternative. You’ll receive a notification from Connecticut when it’s time for you to register.

So, when do you need to sign up or implement a qualifying retirement plan by? The deadline varies by employer size (and for some, the deadline’s already passed):

  • 100 or more employees:截止日期过去了
  • 26 - 99名员工:2022年10月31日
  • 5 – 25 employees:March 30, 2023

For more information, head over to themyctsavingswebsite

伊利诺伊州

The state’s program,伊利诺伊州的安全选择,是罗斯艾拉。

Employers with five or more employees who have been in business for at least two years must enroll or offer an alternative plan.

The deadline to enroll or offer an alternative plan varies by employer size (and for some, the deadline’s already passed):

  • 25+ employees:截止日期过去了
  • 16 - 24名员工:2022年11月1日
  • 5 – 15 employees:2023年11月1日

查看伊利诺伊州安全选择网站for more information.

Maine

缅因州退休储蓄委员会将监督缅因州即将举行的退休计划,即罗斯IRA。

Employers with five or more employees who have been in business for at least two years must enroll or offer an alternative plan.

Like other states, the deadline to enroll will come in phases that are based on employer size:

  • 25+ employees:April 1, 2023
  • 15 – 24 employees:October 1, 2023
  • 5 – 14 employees:April 1, 2024

For more information on the upcoming bill, check out缅因州的退休储蓄立法

马里兰州

马里兰州(或马里兰州$ AVES)是该州针对合格雇主的强制性退休计划。这是罗斯艾拉(Roth Ira)。

所有雇主that have been in business for at least two years must enroll in MarylandSaves or offer an alternative plan.

该计划定于2022年9月在全州启动。

Want more information? Check out马里兰州Saves’ website

Massachusetts

与其他州不同,马萨诸塞州的全州范围退休计划CORE(连接组织与退休)是自愿的,针对的是非营利组织。CORE是税后401(k)储蓄计划。

CORE适用于员工不超过20人的小型非营利组织。

For more information, check out the马萨诸塞州立网站

New Jersey

New Jersey’s Secure Choice Savings Plan is an upcoming program.

Employers with 25 or more employees who have been in business for at least two years must enroll or offer another retirement plan.

For more information, head over to the New Jersey安全选择储蓄计划网站

新墨西哥

新墨西哥州的工作和$ AVE是即将举行的计划,员工可以为Roth Iras做出贡献。

Unlike many other state-mandated retirement plans, Work & $ave is voluntary for employers.

Want more information? Check out新墨西哥州的州网站

New York

New York State Secure Choice Savings Program is an upcoming retirement program.

雇员超过10人的雇主必须登记或提供另一种退休计划。然而,如果纽约的雇主有5名或5名以上的员工,他们必须遵守规定。

Check outNew York’s website获取更多信息和截止日期。

Oregon

俄勒冈州, the state-mandated retirement program of the state, is a Roth IRA.

所有雇主must enroll in OregonSaves or offer another eligible retirement plan.

大多数雇主的截止日期已经过去。但是,直到2023年3月1日,雇员仍有不到五名员工的雇主才能入学。

You can view the俄勒冈州websitefor more details.

Vermont

《绿山安全退休法》是一项自愿的多重雇主计划(MEP),适用于50名或更少雇员的雇主。

Check out more information onVermont’s website

Virginia

Virginia’s state-manddated retirement plan, RetirePath, allows employees to contribute to a Roth IRA.

Employers with 25 or more eligible employees who have been in business for at least two years must enroll or offer another retirement plan.

The program is scheduled to launch in 2023. For more information, check out thestate retirement program website

华盛顿

华盛顿’s Retirement Small Business Marketplace is a voluntary program available to employers with fewer than 100 employees.

与其他国家规定的计划不同,退休小型企业市场使雇主可以在各种类型的退休计划之间进行选择。

查看Retirement Marketplace websitefor more details.

退休计划按国家规定:图表

跳过,欢喜。查看下面的快速参考图表,以确定您的州是否具有强制性退休计划以及您的企业是否必须遵守。

State State-mandated Retirement Program 他们必须遵守吗?
加利福尼亚 CalSavers Employers with 5 or more employees
Colorado 科罗拉多州安全储蓄计划 有5个或以上员工至少有2年的雇员
Connecticut myctsavings 拥有五个或更多雇员的雇主每年支付超过5,000美元
伊利诺伊州 伊利诺伊州的安全选择 有5个或以上员工至少有2年的雇员
Maine TBA 有5个或以上员工至少有2年的雇员
马里兰州 马里兰州Saves 所有雇主that have been in business for at least 2 years
Massachusetts CORE 自主性;可向拥有20名员工或更少员工的非营利组织使用
New Jersey Secure Choice Savings Plan Employers with 25 or more employees that have been in business for at least 2 years
新墨西哥 新墨西哥Work & $ave 自主性
New York New York State Secure Choice Savings Program Employers with 10 or more employees
拥有5个或更多雇员的雇主(纽约市)
Oregon 俄勒冈州 所有雇主
Vermont 绿山安全退休计划 自主性;available to employers with 50 or fewer employees
Virginia 退休人员 Employers with 25 or more employees that have been in business for at least 2 years
华盛顿 Retirement Small Business Marketplace 自主性;可用于少于100名员工的雇主

Your responsibilities in a nutshell

Mandatory retirement programs by state can be overwhelming. But, it doesn’t have to be. As an employer, you can get started by taking the following three steps:

  1. Determine if your state has a mandate that affects you
  2. Decide whether you want to facilitate the state program or offer employees a qualifying alternative
  3. 采取行动!(注册州计划或制定另一个计划)
这不是法律建议;有关更多信息,请click here.

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