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

Do I need to facilitate the program if I only have a small number of employees?

Employers with at least five employees must facilitate the State's program if they don't offer a qualified, employer-sponsored retirement plan. Employees who work for a company with less than five employees can open their own account to start saving for retirement with MyCTSavings.

Open an account

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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