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  1. MyCTSavings
  2. Frequently Asked Questions
  3. Employer FAQs

If I offer my employer-sponsored retirement plan only to some employees but not all, do I have to offer the State's program as well?

No, if you offer an employer-sponsored retirement plan to any of your employees, you will file a certificate of exemption and you will not need to facilitate the State's program.

Articles in this section

  • Can my company join the program before its required date?
  • How Do I Contact MyCTSavings?
  • Do employees need to fill out paperwork to enroll or make changes?
  • What does automatic enrollment mean?
  • Where can I find a copy of the program rules?
  • Who is responsible for choosing the investment options for participants?
  • Do I need to facilitate the program if I only have a small number of employees?
  • If I offer MyCTSavings to my employees now and then decide to offer a qualified retirement plan later, what do I do?
  • How long does it take to complete registration online?
  • What if I already offer a qualified retirement account?
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