Previously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings Program
Blog
January 3, 2024
If you grew your Connecticut business or nonprofit organization in 2023 and have not yet set up a workplace retirement plan, you may need to do so or take other action in 2024.
As we’ve previously covered, Connecticut law now requires most employers that do not already sponsor a qualified retirement plan to facilitate employees’ participation in a Roth (post-tax) IRA through the MyCTSavings program overseen by the State Comptroller’s office.