Program details for employers

All Colorado employers who have been in business for at least 2 years, have 5 or more employees, and don’t offer a qualified retirement plan for their employees are required by law to facilitate Colorado SecureSavings.

Newly eligible businesses

Starting in April 2024, newly eligible businesses will receive a notification that they are required to register for Colorado SecureSavings or certify exemption from the program.

Deadline: May 15, 2024

Businesses previously notified

Your registration deadline has passed.

Don’t wait. Take action today — enforcement will begin in 2024!

Previous Deadlines:
50+ March, 30, 2023
15-49 May 15, 2023
5-14 June 30, 2023

How do I get started?

You’ll be notified by Colorado SecureSavings when it’s time for your business to register. To begin, you’ll need:

Your Federal Employer Identification Number (EIN)
The Colorado SecureSavings Access Code from your notification

Don’t have your Access Code?

If you are unable to find the Access Code for your business, you can look it up online.

Look up Access Code

Already offer a retirement plan?

Employers who provide a qualified retirement plan to their employees should certify their exemption from the program using their provided Access Code.

Certify your exemption

Have questions? We’ve got answers in our FAQs.

A list of qualified retirement plans and other questions about eligibility can be found in our FAQ section.

Read the FAQs

Your role in three simple steps

We know that running your business is your top priority. That’s why Colorado SecureSavings is easy to set up and requires only light account maintenance. The process takes just three simple steps. We’ll take care of the rest, at no cost to you.

Set up your ID and password, answer questions about your company and payroll process, complete payment setup, and then add your employees.

You can even invite a payroll representative to help you facilitate this process. Your payroll representative can be an admin, a teammate, or even your bookkeeper or payroll administrator.

Once you have added employees, we will communicate directly with them to explain their options during the 30 days they have to opt out or customize their account. At the end of the 30-day period, you will record their choices, begin payroll deductions, and submit contribution information and funding for the employees who choose to stay in the program.

To stay in compliance, continue to send payroll contributions and maintain employee records, including updating contribution rate changes when needed, adding new employees, and marking former employees as terminated.

Onboard your company for Colorado SecureSavings

There are just a few steps you need to take to get started. Take a look at this video to get you acclimated:

Resources

Registration

Contributions

Maintenance

Things you will NOT be responsible for

As an employer, you’ll have a limited role in facilitating Colorado SecureSavings so you can stay focused on running your business. You will not be responsible for:

Setting up your employees’ retirement savings accounts. This happens automatically.
Answering questions about Colorado SecureSavings and its investment options, or helping employees choose investments.
Processing distributions from employee investment accounts.

Managing Colorado SecureSavings investment options and processing employee investment change requests.
Managing employee investment account changes. Your employees will be responsible for maintaining their account information and settings if enrolled.