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
Newly eligible businesses will receive a notification that they are required to sign up for Colorado SecureSavings or certify exemption from the program. The next deadline will be in 2024.
Businesses previously notified
Your registration deadline has passed.
Don’t wait. Take action today to avoid enforcement penalties in 2024!
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.
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:
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.