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Connecticut Businesses Must Offer a Retirement Savings Plan to Employees by August 31, 2023
Fox Rothschild LLP Link to more items from this source
[Guidance Overview]
Apr. 19, 2023

"Connecticut employers that do not already offer an employer-sponsored retirement plan must register for the MyCTSavings program on the state's website. [The] program establishes individual Roth IRAs for each employee, which are funded through employee payroll contributions. Employers will receive notices that must be provided to employees. Employers must then enroll their current employees, who will have the choice to opt-out within 30 days."

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