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Vermont Saves: New Auto-IRA Program Requires Employers Without a 401(k) to Enroll Employees
BenefitsPro; registration may be required 
Jan. 6, 2025 "Vermont is joining the growing list of states -- now 17 -- requiring employers to either enroll tens of thousands of employees in the state plan or offer their own 401(k) plan. The program is a state-run automated savings program (or Roth IRA-style program) in which participants can contribute up to $7,000 a year that is automatically deducted out of an employee's paycheck." MORE >> |
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