Employers
Help your employees save and help your business grow
All eligible employers must register or certify their exemption by the deadline
Colorado SecureSavings is a state-administered retirement savings program that gives businesses like yours an easy way to help employees save for the future, and it benefits you, too.
What’s more, it’s voluntary for employees — they can stay automatically enrolled or opt out and re-enroll later.
Colorado SecureSavings was created for employers that don’t offer a qualified retirement savings plan for their employees. Registration for the program is open to all eligible businesses. To register and get your employees set up to begin saving, you will need your Employer Identification Number (EIN) and Access Code.
Program benefits
Beyond helping your employees save for the future, the program benefits you as an employer.
Colorado SecureSavings can work for you
Retirement savings programs can help attract and retain employees and increase productivity.¹
Free to facilitate
With no costs, Colorado SecureSavings helps employers of any size stay competitive by offering access to a great benefit for employees.
Easy to set up
It’s easy to set up — no complex administration and minimal ongoing responsibilities.
Low time investment
It lets you focus on your business and offers easy integration with some payroll providers.
No fiduciary responsibility
You have no fiduciary responsibility, meaning you are not responsible for the investment decisions or outcomes of any employee that participates in the program.
Not responsible for matching contributions
You are not responsible for matching contributions. It is not permitted by the program.
Attract and retain employees
It’s a valuable benefit to attract and retain employees by giving them a simple and secure way to save through automatic payroll contributions into a Roth IRA.
How the Colorado SecureSavings program is different from plans like a 401(k)
You may not currently offer your employees a retirement savings plan because of complex administration requirements, fiduciary liability, or high costs. But Colorado SecureSavings is different. It offers some of the best features of popular employer plans and IRAs, but without the burdensome requirements, allowing employers to focus on facilitating the program — all with no cost to you.
This program is not meant to replace or compete with 401(k)s or other qualified retirement plans. Employers that offer a qualified retirement plan are exempt from the program.
See how Colorado SecureSavings works
Reference
1. Andrew Glazer, “Why Offering Retirement Benefits Helps Attract And Retain Top Employees,” Forbes, 12 September, 2023. https://www.forbes.com/sites/forbesfinancecouncil/2022/08/24/why-offering-retirement-benefits-helps-attract-and-retain-top-employees/?sh=71de76373710