Dear Chamber/Industry executive:  


Please share the MyCTSavings program information below with your membership! Thank you to the those of you who have provided an opportunity for us to speak to your members. Since January, we’ve have spoken to more than 40 groups and the Comptroller has visited more than 70 local businesses to share MyCTSavings information.   


The result is that more than 4,300 employers have registered, empowering more than 15,000 employees to save for a more dignified, secure financial future!


MyCTSavings staff is available to speak at an upcoming meeting or event, or we can provide a webinar for your organization. To schedule, please contact Lisa Kidder: lisa.kidder@ct.gov or 860-702-3331. 

What is MyCTSavings?

MyCTSavings is a retirement program sponsored by the Connecticut Office of the State Comptroller. State law requires business owners with five or more employees that do not offer a qualified retirement savings plan, to register with MyCTSavings or certify their exemption by August 31, 2023


What do businesses need to do?

To comply with the law, employers who are contacted by MyCTSavings must either register at myctsavings.com and complete the enrollment process or go to the website to certify that they provide a qualified retirement savings option. The MyCTSavings program is a free option to employers that provides their employees with access to a retirement savings account through paycheck deductions. 


There is still time to register before the August 31, 2023, deadline.


MyCTSavings is free to employers, quick to set up, and easy to manage:  

  1. Register through our secure online portal found on the www.myctsavings.com website.
  2. Upload payroll and all employee information to the MyCTSavings portal.
  3. Keep staff lists updated and submit employees’ contributions on your payroll schedule. 


Employers can view the registration checklist as a helpful guide.


What happens next?

MyCTSavings will notify your employees

MyCTSavings will reach out to the company’s employees by email or postal mail to explain their retirement savings choices: a standard 3% contribution plan, a plan the employee can customize, or opting out of the program.  


Visit myctsavings.com for details. For questions, call 1-833-811-7435 (9 am – 6 pm, M-F), or email clientservices@myctsavings.com. 

Visit MyCTSavings
Employer Registration Checklist

MyCTSavings is overseen by the Connecticut Office of the State Comptroller (“Comptroller”). Vestwell State Savings, LLC, dba Sumday Administration (“Sumday”), is the program administrator. Sumday and its affiliates are responsible for day-to-day program operations. Participants’ who use MyCTSavings beneficially own and have control over their Roth Individual Retirement Accounts (“IRA”), as provided in the program offering set out at myctsavings.com.