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Connecticut's New Mandatory Auto-Enrollment IRA Program
PASI Link to more items from this source
[Guidance Overview]
May 17, 2022

"Almost any workplace retirement plan defined in the Internal Revenue Code will satisfy the exemption requirements, including plans that do not offer the opportunity for payroll deduction employee contributions.... [T]hese plans do not qualify for the exemption for a calendar year if no contributions were made in the previous calendar year ... If an Employer currently has no Qualifying Plan in place and would like to add such a Plan for the sole and exclusive purpose of avoiding the Program, the following Plan designs would be a starting point[.]"

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