NY Secure Choice Savings Program
The New York Secure Choice Program is now operational. This program requires New York employers with 10 or more employees who do not offer a qualified retirement plan to automatically enroll their employees in this new state-sponsored retirement plan.
Employers with 30 or more employees are required to register with the program by March 18, 2026. Employers with 15 to 29 employees are required to register by May 15, 2026, and employers with 10 to 14 employees are required to register by July 15, 2026.
Employees are permitted to opt out of participating in the plan.
In our upcoming seminars, we will discuss details about the new program.
Are you registered for one of our upcoming seminars in December and January? If you are not already registered, register here so you’ll be fully prepared with what you need to know, including the major new federal tax law enacted on July 4th.