• What if an employer doesn’t register for RISavers by the time the registration window closes?
• Which businesses are eligible to facilitate in the program?
• When do I need to enroll new employees?
• What is considered a qualified, employer-sponsored retirement plan?
• What if my payroll company won't help me administer the program or wants to charge a fee?
• What if my employee does not want me to disclose their information?
• What if an employee asks me for advice about the program or its investment options?
• What if an employee already has a RISavers account through another employer?
• What if a business doesn’t register for the program as required by law?
• What do employers need to facilitate the program?
• What do employees need to do after I enroll them?
• Do employees need to fill out paperwork to enroll or make changes?
• Is there a penalty for late or omitted payroll deductions?
• If I offer the program to my employees now and then decide to offer a qualified retirement plan later, what do I do?
• If a business owner or shareholder is also an employee, are they eligible to participate?
• I already offer a 401(k) or similar qualified retirement plan to some employees but not all. Do I have to offer this program too?
• How does registration work?
• Does this program replace 401(k)s?
• Do payroll deduction IRAs count as a qualified, employer-sponsored retirement plan?
• Do I need to report contributions on my employees’ W2s?
• Do I need to offer the program to work-study students?
• Do I need to facilitate the program if I have only a small number of employees?
• Do family members who work for my business count as employees?
• Can I have a designated employee or payroll services provider complete the registration process and help facilitiate the program?
• Can my company join the program before its required date?
• Can I request the Access Code to register my business?
• Can employers cancel their employer-sponsored retirement plans and offer this instead?
• Can cannabis-related businesses facilitate the program?
• Are workers of only certain immigration statuses eligible for the program? Are undocumented workers eligible?
• Are there any fees for employers to facilitate the program?