State-sponsored retirement plans are gaining ground, particularly as state treasurers consider the prospect of millions of workers retiring with inadequate savings. (Photo: Shutterstock) In today's corporate retirement landscape, more and more states are passing laws that require businesses of certain sizes to automatically enroll employees into an IRA or other qualifying retirement plan. If you are a small business owner, this recent wave of state legislation may apply to you.
Different states have different laws and are at different stages of implementation, and it can be a lot to keep track of, to say the least. Let's walk through some essentials to help you parse through what state requirements may mean for you and how you can discern the best next step for your business.
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