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State-mandated retirement plans are rolling out quickly nationwide. While these programs aim to help employees save money, they often come as one-size-fits-all solutions that don’t fit every business.
Your company is unique, and your retirement plan should reflect that. With WealthRabbit, it’s easy to create a plan that fits your needs and shows your genuine commitment to your team’s future.
Be Proactive. Be Personal. Be Prepared.
An increasing number of states are requiring employers to offer retirement savings options to address the growing retirement savings gap. Lawmakers recognize what employees have long understood: financial security is essential and overdue in the workplace.
But this isn't just a suggestion. States are backing these programs with compliance deadlines and even financial penalties for employers who don’t act. So, why wait to be forced into action? When you take the lead and offer a retirement plan now, you're doing more than meeting a requirement—you’re making a powerful statement about how much you value your team.
Here’s Where It’s Already Law:
If your business operates in one of these states, the clock is already ticking! Each state has its own rules based on the number of employees and years in operation, so it’s important to know where you stand:
- California – 1 or more employees (age 18+)
- Colorado – 5+ employees, 2+ years in business
- Connecticut – 5 or more employees, 2+ years in business
- Delaware – 5 or more employees, 6+ months in business
- Illinois – 5 or more employees, 2+ years in business
- Maine – 5 or more employees
- Maryland – 1+ employees (age 18+), 2+ years in operation
- New Jersey – 25 or more employees
- Oregon – All employers without a plan
- Vermont – 5 or more employees, 2+ years in business
- Virginia – 25 or more employees, 2+ years in operation
Here’s Where State Programs Are Pending Launch:
If your business operates in one of these states, a state-mandated retirement program will become active soon:
- Hawaii – Launch date pending
- Minnesota – Expected launch early 2026
- Missouri – Scheduled launch in September 2025
- Nevada – Launch scheduled for July 1, 2025, with phased enrollment by employer size
- New Mexico – Launch postponed; new date to be determined
- New York – Launch postponed; new date to be determined
- Rhode Island – Full implementation planned for Fall 2025 (pilot underway in Spring 2025)
- Washington – Launch scheduled by July 1, 2027
This list is growing as more states prepare to join with pending legislation. Staying informed and taking action now can help you avoid penalties. Want to see if your state is next? Check the full state-by-state breakdown.
Why Choose WealthRabbit?
We understand that small businesses have unique retirement needs, so WealthRabbit delivers a flexible, user-friendly solution that simplifies setup and supports your team every step of the way.
Invest in Their Future, Earn Their Loyalty
Today’s employees are looking for more than a paycheck—they want to work for employers who care about their long-term well-being. Offering a retirement plan is one of the clearest ways to show you're invested in their future.
In a competitive job market, it helps you stand out by building loyalty, reducing turnover, and creating a workplace where people feel valued and excited to grow their careers.
Ready to Take the Next Step?
Whether you're just getting started or expanding your team, WealthRabbit gives you the power to design a retirement solution that's both meaningful and manageable. Plus, we’re here to guide you every step of the way.
Sign up with WealthRabbit now and create a retirement plan that puts your people first!
Not sure which plan fits?
Answer three quick questions about team size and budget - we'll match you to a plan, no reading required.
