state's mandate map

Know Your State’s Mandate

CalSavers – State of California IRA Program (California)
Status Active program
Employers impacted All employers with 5 or more employees without a retirement plan are required to join the program. The registration deadline for employees with 1-4 employees is December 31, 2025.
Plan type Mandatory Roth IRA
Auto-enroll If 18 years or older, automatically enrolled at 5% after 30 days
Auto-escalation 1% annual increase on enrollment anniversary up to 8%
Investments 2 Funds + State Street Target Date Series
Penalties
  1. $250 per eligible employee if noncompliance extends 90 days
  2. $500 per eligible employee if found to be in noncompliance for 180 days
Website https://www.calsavers.com/
Colorado SecureSavings Program (Colorado)
Status Active program
Employers impacted Employers with five or more employees in business for at least two years and do not already offer a retirement plan. Opt-in allowed for sole proprietors and smaller businesses.
Plan type Mandatory Roth IRA
Auto-enroll 5% following the employee’s 180th day of employment
Auto-escalation Yes; increase by an additional 1% on each January 1 the year following an employee enrolling in the plan, to a maximum of 8%.
Investments 3 Funds + State Street Target Date Series
Penalties $100 per eligible employee per year, not to exceed $5,000 annually
Website https://coloradosecuresavings.com/
MyCTSavings (Connecticut)
Status Active program
Employers impacted Employers with five or more employees, each of whom has been paid more than $5,000 in the calendar year.
Plan type Mandatory Roth IRA
Auto-enroll If an employee is 19 years or older, automatically enrolled at 3% after 120 days
Auto-escalation N/A
Investments 8 Funds + Vanguard Target Date Series
Penalties TBD
Website https://myctsavings.com/
Delaware EARNS Program (Delaware)
Status Active Program
Employers Impacted Employers with five or more employees in business for at least six months of the preceding calendar year.
Plan type Mandatory Roth IRA
Auto-enroll 5% after earning income from a Delaware employer for at least 120 days and is 18 or older.
Auto-escalation 1% every January until 10%
Investments 3 Funds + State Street Target Date Series
Penalties $250 per employee per year, up to a maximum total penalty of $5,000 per year.
Website https://treasurer.delaware.gov/earns/
Hawaii Saves Retirement Savings Program (Hawaii)
Status Legislation passed; implementation timeline TBD.
Employers Impacted Employers with one or more employees
Plan type Mandatory Roth IRA
Auto-enroll 3%
Auto-escalation No
Investments TBD
Penalties TBD
Other features $500 state match for the first 50,000 participants to contribute to the plan for 12 consecutive months
Website https://legiscan.com/HI/drafts/SB3289/2022
Illinois Secure Choice Savings Program (Illinois)
Status Active program
Employers Impacted All employers with five or more employees in business for at least two years.
Plan type Mandatory Roth IRA
Auto-enroll 5% after 60 days with employer if 18 years or older
Auto-escalation 1% annual increase on enrollment anniversary up to 10%
Investments 3 funds + BlackRock Target Date Series
Penalties
  1. $250 per employee for the first calendar year
  2. $500 per employee for each subsequent calendar year the employer is non-compliant

Noncompliance does not need to be consecutive to qualify for the $500 penalty
Website https://www.ilsecurechoice.com/home.html
Maine Retirement Investment Trust (Maine)
Status Active Program
Website https://meritsaves.org/
Employers Impacted All private sector employers with 5 or more employees in business 2 years or more.
Plan type Mandatory Roth IRA
Auto-enroll Yes – 5%
Auto-escalation 1% annual increase on enrollment anniversary up to 10%
Investments 3 Funds + BlackRock Target Date Series
Penalties
  • July 1, 2025 – June 30, 2026: the maximum penalty for non-compliance is $20 per employee.
  • July 1, 2026 – June 30, 2027: the maximum penalty per employee will be $50.
  • On or after July 1, 2027: the maximum penalty per employee increases to $100.
Other features Plan available to self-employed individuals and contractors.
Website https://meritsaves.org/
Maryland$aves Secure Choice Program (Maryland)
Status Active program
Employers Impacted Businesses with at least one W-2 employee, have been in business for two years and use an automated payroll system.
Plan type Roth IRA
Auto-enroll 5%
Auto-escalation 1% annual increase each January, up to 10%
Investments 3 Funds + BlackRock Target Date Series
Penalties None
Other features $300 annual registration fee waived for sponsoring a plan OR participating in the Maryland$aves program. The first $1,000 is invested in an Emergency Savings Fund.
Website https://marylandsaves.com/
Massachusetts Defined Contribution CORE Plan (Massachusetts)
Status Active program (currently voluntary)
Employers Impacted
  • Voluntary for non-profit organizations with 20 or fewer employees.
  • Outstanding legislation to expand to all employers.
Plan type Voluntary MEP with safe harbor option
Auto-enroll 6% after 60 days
Auto-escalation Annual increases of 1% or 2% (based on employer’s election) up to a maximum contribution rate of 15%.
Investments Empower/Great West
Penalties N/A – voluntary
Website https://www.empower.com/client/mass/employer/
Minnesota Secure Choice Retirement Program (Minnesota)
Status Legislation passed; implementation TBD
Employers Impacted Employers with five or more employees in business for the immediately preceding 12 months.
Plan type Mandatory IRA
Auto-enroll Yes – TBD
Auto-escalation No
Investments TBD
Penalties TBD
Website https://legiscan.com/MN/bill/HF782/2023
RetireReady New Jersey Savings Program (New Jersey)
Status Active Program
Employers Impacted Employers with 25 or more employees in business for two years or more.
Plan type Mandatory Auto IRA
Auto-enroll If 18 years or older, will be automatically enrolled at a rate of 3%
Auto-escalation No
Investments 7 Funds + Vanguard Target Date Series
Penalties
  1. 1st calendar year with a violation: Written warning
  2. 2nd calendar year with a violation: $100 fine
  3. 3rd-4th calendar year: $250 for each violation
  4. 5th and subsequent years with a violation: $500 for each violation
Website https://nj.gov/treasury/securechoiceprogram/
New Mexico Work & $ave (New Mexico)
Status Legislation passed; waiting on implementation
Employers Impacted
  • Employers with five or more employees in business for at least two years.
  • Opt-In allowed for sole proprietors and smaller businesses.
Plan type Work & Save Program – Roth IRA
Auto-enroll 6% after 60 days after program enrollment
Auto-escalation TBD
Investments TBD
Penalties TBD
Other features Emergency savings TBD
Website https://nmsto.gov/special-programs/work-and-save/
Nevada Employee Savings Trust (Nevada)
Status Legislation passed; schedule TBD
Employers Impacted Employers with more than five employees who have been in business for at least 36 months.
Plan type Mandatory Auto IRA
Auto-enroll Yes – actual percentage TBD
Auto-escalation TBD
Investments TBD
Penalties TBD
Other features A study is to be conducted on whether to include independent contractors.
Website https://legiscan.com/NV/bill/SB305/2023
New York Secure Choice Savings Program (New York State)
Status Legislation passed; implementation TBD
Employers Impacted Employers with ten or more employees at all times during the previous calendar year, in business for at least two years, and that have not offered a retirement plan in the preceding two years.
Plan type Roth IRA
Auto-enroll 3%
Auto-escalation No
Investments TBD
Penalties TBD
Website https://www.securechoice.ny.gov/
New York City Retirement Security for All Act (New York City)
Status Legislation passed; implementation TBD
Employers Impacted Employers with five or more employees in the previous calendar year whose regular duties occur in the city. Also, employers who have been in business for at least two years.
Plan type IRA
Auto-enroll Yes – 5%
Auto-escalation TBD
Investments TBD
Penalties TBD
Other features Plan available to self-employed individuals at least 21 years of age.
Website https://legistar.council.nyc.gov/LegislationDetail.aspx?ID=3498476&GUID=6E78D2BB-A4BA-4FD8-8C03-ABA62C914AEB&Options=&Search=
OregonSaves Program (Oregon)
Status Active program
Employers Impacted Employers with one or more employees.
Plan type Mandatory Roth IRA
Auto-enroll Automatically enrolled at 5% if 18 years or older after 60 days of employment
Auto-escalation 1% annual increase on enrollment anniversary up to 10%
Investments 2 Funds + State Street Target Date Series
Penalties Eligible employers must offer a plan or face a fine up to $100 per eligible employee per year (up to max of $5,000 annually)
Website https://www.oregonsaves.com/
Rhode Island Secure Choice Retirement Savings Program (Rhode Island)
Status Legislation passed; implementation TBD
Employers Impacted Employers with 5 or more employees and satisfies requirements to establish or participate in a payroll deposit retirement savings arrangement.
Plan type Mandatory Auto IRA
Auto-enroll TBD
Auto-escalation TBD
Investments TBD
Penalties TBD
Website https://legiscan.com/RI/bill/S2045/2024
VT Saves (Vermont)
Status Implementation in progress; date TBD
Employers Impacted All employers with five or more employees in business within the past two years.
Plan type Mandatory Roth IRA
Auto-enroll 5%
Auto-escalation Yes – TBD
Investments TBD
Penalties TBD
Other features TBD
Additional resources VT Saves is replacing Vermont’s former voluntary plan, Green Mountain Secure Retirement Plan.
Website https://legiscan.com/VT/bill/S0135/2023
RetirePath Virginia (Virginia)
Status Active program
Employers Impacted Employers with 25 or more employees in business two years or more.
Plan type Mandatory Roth IRA
Auto-enroll 5%
Auto-escalation 1% annual increase every January up to 10%
Investments 4 Funds + LifePath Index Target Date Series
Penalties Up to $200 per eligible employee
Website https://www.retirepathva.com/
Washington Saves Retirement Program (Washington)
Status Legislation passed; implementation TBD
Employers Impacted Businesses that have been located in Washington state for at least 2 years and do not currently offer a retirement plan
Plan type Mandatory Auto IRA
Auto-enroll Yes – 3%
Auto-escalation 1% per year to 7%
Investments TBD
Penalties TBD
Website https://www.guideline.com/education/articles/washington-saves-retirement-program