Program details for employers
All qualified Colorado businesses are required by law to facilitate Colorado SecureSavings if they:
have been in-business for two or more years
have five or more employees
do not already offer a retirement savings plan for any employees
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)
Colorado SecureSavings Access Code from your notification
Not sure if your plan qualifies for exemption?
Visit our Frequently asked questions to find out or contact Client Services at 1-844-692-1073.
Your role in three easy 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 quick steps. We’ll take care of the rest, at no cost to you.
All Colorado business owners will be able to register when the program officially launches in early 2023.
Upload your employees’ payroll information and submit your employees’ savings contributions levels. 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.
Keep your employee records up to date. This includes submitting your payroll details every pay period and keeping your employees’ payroll contributions and staff list up to date.
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.
Managing Colorado SecureSavings investment options and processing employee investment change requests.
Processing distributions from employee investment accounts.
Managing employee investment account changes. Your employees will be responsible for maintaining their account information and settings if enrolled.