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MarylandSaves
Frequently Asked Questions
Employer FAQs

Are employers required to make contributions to employees’ accounts?

No. Under current law, employers are not permitted to make contributions.

Articles in this section

Can my company join the program before its required date?
How Do I Contact Maryland Saves?
Do employers have to sign their employees up for MarylandSaves?
What is considered to be a qualified, employer-sponsored retirement plan?
If I offer MarylandSaves to my employees now and then decide to offer a qualified retirement plan later, what do I do?
What if my payroll company won't help me administer MarylandSaves?
Are workers of only certain immigration statuses eligible for the program? What about undocumented workers?
What if my payroll provider is stating they will charge a fee for remitting contributions with MarylandSaves?
Does MarylandSaves charge employers any fees?
Are employers required to make contributions to employees’ accounts?

See more

Related articles

I already offer a 401(k) or similar plan to some employees but not all. Do I have to offer MarylandSaves program too?
Do I need to facilitate the program if I only have a small number of employees?
Does MarylandSaves charge employers any fees?
What do employees need to do after I enroll them?
What does automatic enrollment mean?

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