As we enter the month of May, New York employers should be aware of a critical deadline regarding the New York Secure Choice Savings Program. This state-mandated retirement initiative requires private-sector employers with 10 or more employees to either facilitate employee access to a state-run Roth IRA or certify that they already offer a qualified retirement plan.
The program is rolling out in phases based on the size of your workforce. The next group, employers with 15 to 29 employees, must register or certify their exemption by May 15, 2026.
Recommended Next Steps
To stay compliant, employers should verify their employee count and confirm if their current retirement offerings qualify for an exemption. If action is required, you will need to locate the unique Access Code sent by the state to log into the Secure Choice portal.
For a full breakdown of the registration process and technical details, please click here to view our previous post.
