State retirement savings mandates and employer compliance requirements

This article is for admins who need to comply with state retirement savings mandates.

More states now require employers to offer workers a way to save for retirement. Many programs use automatic enrollment to help people—especially low- and moderate-income workers—build savings. We help you stay compliant by supporting both state auto-IRA programs and 401(k) plans.

Before you start

Review these items so you set up the right option.

Check your state’s rules and deadlines.

Requirements vary by state and employer size. Always review your state’s retirement regulations or contact your state program for final guidance.

Confirm tax treatment.

Many state auto-IRAs use post-tax (Roth) contributions. Confirm the tax treatment with your state program.

Decide your path.

You can use a state auto-IRA or a compliant 401(k).

Option 1: Set up a state auto-IRA in Gusto

Use this option if your state mandates an auto-IRA.

You either add a post-tax deduction in payroll based on your state’s rules or, if supported, connect your auto-IRA provider to Gusto.

Option 2: Set up a compliant 401(k) in Gusto

Use this option if you prefer a 401(k) that meets your state’s exemption criteria.

You can set up a Gusto 401(k) powered by Guideline. You can also set up manual 401(k) deductions in Gusto or offer retirement benefits through Betterment, Human Interest, or Vestwell.

Contact partners directly for details on supported state programs and plan design.