Colorado Secure Savings Program ALL registration deadlines passed - act now to avoid penalties YOUR OPTIONS

Legislative Summary:


Program Description:

A voluntary Multiple Employer Plan (MEP) for non-profit organizations with 20 or fewer employees.

Affected Employers:

Program is voluntary, but only non-profit organizations with 20 or fewer employees may register.

General Requirement:

A non-profit organization with 20 or fewer employees, operating in the state of Massachusetts that does not currently offer a workplace sponsored retirement plan, and maintain good standing with the state.

Launch Status:

October 27, 2017

Full Implementation:

January 1, 2021

Compliance Deadline:


Non-Compliance Penalties:


Employer Costs:


Employee Costs:

$65 annual fee, and administrative fees based on percentage of plan assets


Default 12 CORE age-appropriate Target Date Funds; professionally managed account option available for a fee.

Program Website:

Massachusetts CORE Plan