If you own a Connecticut business with five or more employees and do not offer a qualified retirement savings plan, state law requires that you provide a retirement savings option by August 31, 2023. Employers can also provide a private retirement plan to comply with the law, or the Office of the State Comptroller is offering MyCTSavings, a retirement savings program for employees, with no cost to employers to sign up.
Learn the advantages of MyCTSavings and if it is right for your business:
- No cost for employers.
- Getting started is fast, easy, and secure.
- Works seamlessly with any payroll process.
- Stay competitive by offering a great benefit to your employees.
- Requires very little time and administration.