Colorado SecureSavings
Colorado's state retirement program gives employees without a workplace plan an easy way to save. If you don't offer a retirement plan, you may need to facilitate it.
Know whether the state retirement program applies to you, and what to do.
What is Colorado SecureSavings?
Colorado SecureSavings is a state-run Roth IRA program for private-sector workers whose employer doesn't offer a qualified retirement plan. Covered employers (generally those with five or more employees that have been in business at least two years) must register and facilitate payroll deductions. Employees are enrolled automatically and can opt out, and employers pay no fees and don't contribute.
How we help
Who must participate
Colorado employers with five or more employees, in business at least two years, that don't offer a qualified retirement plan.
What employers do
Register, add employees and send their payroll deductions to the program.
What employees get
A portable Roth IRA with automatic enrollment, a default savings rate and the choice to change or opt out.
Exemptions
Employers that offer a 401(k), 403(b), SIMPLE IRA or similar plan can certify an exemption.
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Frequently asked questions
Does the employer contribute to Colorado SecureSavings?
No. Employers facilitate payroll deductions but don't contribute, and there are no fees for employers.
What if we already offer a 401(k)?
You're exempt. You may still need to certify that exemption with the program.
Where can employees learn more?
The program's site, coloradosecuresavings.com, has employee guides and account access.
Schedule a commitment-free meeting
Tell us what's working and what isn't. We'll review your benefits or coverage and give you an honest plan, at no cost.