The New Jersey Secure Choice Savings Program, also called the NJ Auto-IRA Law, is set to go live in March, 2022. Once the program is up and running, employers must comply within nine months or be subject to penalties. While the initial implementation date was March 28, 2021, the program was allowed up to a one year extension due to COVID-19. Accordingly, March 28, 2022, will be the deadline to establish guidelines for businesses, create a website with up-to-date information, govern risk management, determine investment options, and implement the program.
Join EANJ on March 15th to learn about how the new retirement savings law will impact your business and how to stay compliant with the new regulations. Details & Registration here.
Employers Association of New Jersey
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