Download & Print: NJ RetireReady Compliance Checklist

Use this checklist to confirm your New Jersey retirement mandate status before the next audit cycle.

Step 1 — Determine Coverage

My business is registered and operating in New Jersey
My business has been in operation for at least 2 years
I have 25 or more W-2 employees (full-time or part-time)
At least some employees are 18+ and not covered by a union pension
I have confirmed whether seasonal or temporary workers count toward my total

Step 2 — Exemption Check

I have verified whether my business already sponsors a qualified plan (401k, 403b, SIMPLE IRA, SEP-IRA, or pension)
If an existing plan is in place, I have applied for a Certificate of Exemption at the RetireReady NJ portal
I have received and saved confirmation of my exemption certificate
I have set a calendar reminder to renew my exemption annually

Step 3 — Enrollment

I have registered my business at the RetireReady NJ employer portal (retirereadynj.com)
I have entered all eligible employee information into the portal
I have configured payroll deductions for the default 3% contribution rate (or employee-selected rate)
I have notified all eligible employees of their enrollment and opt-out rights
I have distributed the required employee disclosure notices
I have confirmed the first payroll deduction was processed correctly

Step 4 — Ongoing Compliance

I have set an annual reminder to review and renew my employer registration
I have a process in place to enroll new hires within 30 days of their start date
I am maintaining payroll records showing deductions and remittances
I understand I must not discourage employees from participating in RetireReady NJ

Frequently Asked Questions

How many employees trigger the NJ RetireReady mandate?

Businesses with 25 or more employees are required to offer a retirement savings plan under RetireReady NJ. Smaller businesses are encouraged but not currently mandated.

What is the penalty for non-compliance?

Employers who fail to comply face penalties of $500 per year per eligible employee until they register or obtain an exemption certificate.

Can I be exempt from the NJ retirement mandate?

Yes. If your business already sponsors a qualified retirement plan (401k, 403b, SIMPLE IRA, SEP-IRA, or pension), you can apply for a Certificate of Exemption through the RetireReady NJ portal.

How do I enroll in RetireReady NJ?

Register at the official RetireReady NJ employer portal at retirereadynj.com. You'll need your EIN, payroll information, and a list of eligible employees.

Need help completing this checklist? Our compliance specialists can walk you through every step in 15 minutes — free.

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