Enroll in MyCTSavings and your employees can start saving for retirement.
If your company has 5+ employees and does not offer a retirement plan, state law requires that you register with MyCTSavings or another qualified retirement program and offer the plan to your employees. If your business has already received a notification from MyCTSavings and has yet not registered and enrolled your employees, you can still sign up today at www.myctsavings.com.
More than 550,000 private-sector employees in Connecticut do not have access to retirement savings through their employment. Many employers are not able to offer a retirement plan due to cost, administrative burden or risk to the business to act as a fiduciary. MyCTSavings is free to businesses, simple to facilitate, and there is no fiduciary responsibilities for the business. Sign up and MyCTSavings will contact your employees and explain their choices: opt-out, keep the standard investment options, or customize their Roth IRA. Give your employees the chance to start saving for a more secure financial future!
In 2024, businesses that are newly eligible for the program will be notified mid-year. Visit Employer FAQs - MyCTSavings for detailed eligibility criteria. If your business is eligible and you would like to enroll now, you can call 1-833-811-7435 and request enrollment information.
Individuals can enroll, too!
If you are self-employed or don’t work for an employer registered for MyCTSavings, you can self-enroll and contribute directly to your own Roth IRA: myctsavings.com/savers
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