Colorado SecureSavings Registration Deadlines

Deadlines are approaching for employers to register for their Colorado SecureSavings accounts or to certify their exemptions. Colorado SecureSavings is a new state-sponsored retirement plan that is required for employers without an existing retirement plan who have at least 5 employees. For employers with 5-49 employees, the deadline to register is May 15. For employers with 50 or more employees, the deadline to register has already passed. If you haven't received an email from the state with instructions to register, contact the program office at 1-844-692-1073 or [email protected]. This program requires employers to withhold 5% of employees' pay and contribute it to the plan, which creates a Roth IRA in the employee's name, unless the employee opts out. Employers must begin the withholding 30 days after registering. Whether you're an employer or an employee, more information can be found at www.coloradosecuresavings.com.