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  1. MarylandSaves
  2. Frequently Asked Questions
  3. Saver FAQs

What is the default contribution rate?

The standard contribution is 5% of your gross income (which is the total amount you make in your paycheck before any taxes or deductions are taken out). You can choose to save more, or less, in 1% increments.

Articles in this section

  • How are my contributions made?
  • Will services be available in other languages?
  • Is there a limit to how much I can contribute?
  • Is my contribution pre-tax or post-tax?
  • What is the default contribution rate?
  • I’m self-employed. Can I set up my own MarylandSaves account?
  • Where do my contributions go?
  • Are there income limits to participate in MarylandSaves?
  • Is investing in MarylandSaves WorkLife Savings Account the same as putting money in a bank?
  • Is there a minimum retirement age for MarylandSaves?
See more
← MarylandSaves.com