HomeStates › Minnesota
UPDATED FOR 2026 · STATUTE-VERIFIED

Minnesota Retirement Mandate: Minnesota Secure Choice

Minnesota Secure Choice is in phased rollout for employers with 5+ employees. Minneapolis and Saint Paul businesses should begin preparing now to avoid penalties.

Minnesota Secure ChoiceCOMING SOON
State program
5+ employees
Employee threshold
Penalty not yet set
Non-compliance penalty
// 60-second check

What does Minnesota actually require?

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

Informational only — not legal or tax advice.

Annual exposure · Minnesota

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.

When does Minnesota Secure Choice start?

Minnesota Secure Choice is currently in phased rollout, with full enforcement expected for employers with 5+ employees.

What is the Minnesota Secure Choice penalty?

Minnesota Secure Choice has not finalized its non-compliance penalty schedule; registration or a qualifying private plan is still required.

How do Minneapolis employers prepare?

Set up a qualifying private retirement plan now. This exempts you from the mandate and may qualify you for SECURE 2.0 tax credits.

// local guides

Minnesota guides by city.

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
Book my free audit