Connecticut Retirement Mandate: MyCTSavings

Connecticut MyCTSavings is fully enforced for employers with 5+ employees. Escalating annual penalties apply to non-compliant businesses. Hartford and Stamford employers are being actively contacted.

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MyCTSavingsENFORCING

State program

5+ employees

Employee threshold

$500–$1,500 per company / yr (by size — not per employee)

Non-compliance penalty

// 60-second check

What does Connecticut actually require?

Set your headcount for your real exposure — data verified against the statute.

Your state

Number of employees

Informational only — not legal or tax advice.

Annual exposure · Connecticut

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Get your full breakdown + a private-plan savings estimate:

// state plan vs your own

You can comply two ways. Only one builds anything.

The state auto-IRA

Compliance, nothing else

No employer match allowed
Low Roth-IRA contribution limits
One-size-fits-all investments
No tax credits for your business

RECOMMENDED

Your own 401(k)

Compliant — and working for you

Match if and when you want
Far higher contribution limits
SECURE 2.0 credits offset setup
A real recruiting & retention perk

// frequently asked

Asked by employers here.

Who must join MyCTSavings?

Connecticut employers with 5+ employees who have been in business at least 2 years and don't offer a qualifying retirement plan.

What are MyCTSavings penalties?

$500 to $1,500 per company per year, based on company size, not per employee.

Can I use a 401k instead of MyCTSavings?

Yes. Any qualifying retirement plan exempts you. SECURE 2.0 credits offset startup costs.

Find out where you stand — before the state does.

Book a free 15-minute compliance audit. We'll show your exact requirement, your real exposure, and whether your own plan saves you money.

Free 15-minute audit

No obligation · (732) 444-8686

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