RISavers has been live since October 2025. It applies to Rhode Island employers with 5+ employees that do not offer a qualifying retirement plan. Penalty: Up to $250 / employee / yr. Upcoming: 100+ employees by 2026-10-15; 50–99 employees by 2027-10-15; 5–49 employees by 2028-10-15..
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RISavers covers Rhode Island employers with 5+ employees that do not offer a qualifying retirement plan. Counting rule: Average number of eligible employees (18+, employed 120+ days) in the previous calendar year, as reported on Form TX-17. No years-in-business requirement.
Up to $250 per eligible employee per year. The program has launched; enforcement has not begun.
Upcoming: 100+ employees by 2026-10-15; 50–99 employees by 2027-10-15; 5–49 employees by 2028-10-15.
R.I. Gen. Laws §§35-23-2, 35-23-9, 35-23-15; 120-RICR-00-00-6 · Official program: risavers.gov · Verified 2026-09-17.
RISavers is Rhode Island's state-facilitated retirement savings program. It has been live since October 2025. Program: https://risavers.gov.
RISavers covers Rhode Island employers with 5+ employees that do not offer a qualifying retirement plan. Counting rule: Average number of eligible employees (18+, employed 120+ days) in the previous calendar year, as reported on Form TX-17. No years-in-business requirement.
Up to $250 per eligible employee per year. The program has launched; enforcement has not begun.
Upcoming: 100+ employees by 2026-10-15; 50–99 employees by 2027-10-15; 5–49 employees by 2028-10-15.
Exempt with a DB plan, 401(k), 403(b), 457(b), SEP, SIMPLE or auto-enrollment payroll IRA; certify with the Access Code. A private 401(k) or SIMPLE IRA satisfies the mandate and may qualify for SECURE 2.0 startup credits.
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