MarylandSaves Offers $300 Fee Waiver for Businesses Registered by December 1
HUNT VALLEY, Md., Nov. 10, 2022 /PRNewswire/ -- MarylandSaves, an innovative retirement savings program, recently announced a $300 fee waiver for any businesses registered in the payroll-deducted program by December 1, 2022. Created by the State of Maryland, this program helps businesses comply with the new Maryland law* that requires most employers to offer a payroll-deducted automatic retirement savings program option for their employees.
- HUNT VALLEY, Md., Nov. 10, 2022 /PRNewswire/ -- MarylandSaves , an innovative retirement savings program, recently announced a $300 fee waiver for any businesses registered in the payroll-deducted program by December 1, 2022.
- The program is free for businesses and the State will waive an annual $300 filing fee for businesses that enable automatic employee enrollment every year they participate in MarylandSaves or offeranotherqualified plan to their employees.
- "MarylandSaves is an advance on traditional retirement savings,"said MarylandSaves Board Chair Joshua Gotbaum.
- "We've worked hard to make MarylandSaves free, quick, and easy for businesses," said MarylandSaves Acting Executive Director Glenn Simmons.