Get answers to frequently asked questions

If you choose to participate, set up your account here and follow the on-screen instructions. If you need help, just give us a call at 1-844-711-5001, Monday – Friday, 8 a.m. – 5 p.m. MT.

Yes. Just give us a call at 1-844-711-5001, Monday – Friday, 8 a.m. – 5 p.m. MT.

Your Colorado SecureSavings account belongs to you. If you continue to work for an employer that facilitates Colorado SecureSavings, you can continue to participate and continue payroll contributions. If a new employer doesn’t facilitate the program, you can make contributions directly from your bank account. You can also roll over or transfer your savings from your account to an IRA at another investment provider, if that IRA accepts rollovers or transfers.

Your Colorado SecureSavings account belongs to you. Your money remains in your retirement savings account under your control. If your new employer facilitates the program, Colorado SecureSavings will notify you and payroll contributions will begin at your new job. You can also opt out at any time. If your new employer offers a qualified, employer-sponsored retirement plan, that employer is not required to facilitate the program. However, you can contribute directly to your account through your bank account or by check, via a paper mail-in form.

You can opt out at any time. If you opt out within the 30-day period after the program notifies you about being enrolled, no payroll deductions will be made from your paycheck, and your account will not be activated. If you choose to stop participating after contributions have begun, payroll deductions will end. You can leave the money in your account for your retirement savings. You can also transfer your money or roll it into another IRA. You may also request a withdrawal, which may be subject to penalties and state and federal taxes. And if you change your mind, you can always opt in again at any time by notifying Colorado SecureSavings.

You may be able to take advantage of the Saver's Credit if you meet the eligibility requirements. The Saver's Credit is a federal tax credit you can get for making contributions to your retirement plan. For more information, visit here. You may also want to consult with a tax expert or financial advisor.

Colorado SecureSavings has an annual asset-based fee of approximately 0.32%. This means you will pay approximately $0.32 for every $100 in your account. There is also a $22 annual account fee (that is charged quarterly at $5.50 each quarter). These fees pay for the administration of the program and the operating expenses charged by the underlying investment funds in which the program’s portfolios are invested.

It covers all administrative costs associated with the program, such as the cost of maintaining your account, oversight of the program’s investments, providing customer service, keeping records, online and phone services, and the operating expenses of the underlying investment funds in which the investment options are invested.

Yes, similar programs are up and running in other states, including California, Oregon, Connecticut, Maryland, and Illinois. And many other states are about to launch state-facilitated retirement savings programs or are in the process of passing legislation to support them, including Virginia, Delaware, and New Mexico, among others.

Yes. An employer is required to facilitate the Colorado SecureSavings retirement savings program if:

• Their business is registered to conduct business in the state of Colorado

• They have at least five W-2 employees who have worked for them for at least 180 days

• They have been in business for two or more years; and

• They don’t currently offer a qualified retirement savings program to employees