Colorado | The Colorado Secure Savings Program has been enacted and begins its implementation in January 2023, with a planned phase-in through 2024. Employers that have been in business for at least two years and have 5 or more employees are required to adopt the Auto-IRA, or implement their own qualified retirement savings plan. |
Maine | The Maine Retirement Savings has been enacted and begins its implementation in January 2023. It requires every business (regardless of size) that does not currently offer a retirement savings program to adopt the Auto-IRA or establish their own retirement plan. |
Maryland | The Maryland Small Business Savings Program is set to launch a pilot program in September 2022, with a phased implementation thereafter. It requires every business (regardless of size) that does not currently offer a retirement savings program to adopt the Auto-IRA or establish their own retirement plan. |
Virginia | The RetirePath Virginia program will start enrolling employers in July 2023. It requires employers who have been in business for at least two years and have 25 or more employees to adopt the Auto-IRA, or implement their own qualified retirement savings plan. |