Employers
- Program Details
- Payroll Providers
Savers
Español
- Empleadores
- Ahorristas
Help & Resources
About Us
- News
Contact Us

To determine if your business has been exempted from the 2023 Annual Report fee, please check the following list of SDAT IDs that met the exemption criteria and have been approved for the fee exemption. View the list

Where can I find a copy of the program rules?

The MarylandSaves retirement savings program rules are posted here.

Tags:
General

Employers
Savers
Español
Help & Resources
About Us
Contact Us

Employer assistance
1-833-811-7437

Employee assistance
1-833-811-7438

clientservices@marylandsaves.com
Program Description
Privacy Policy
Maryland Small Business Retirement Savings Program
Sign up for our newsletter

Facebook
Twitter
Instagram
LinkedIn

MarylandSaves (the “Program”) is sponsored by the Maryland Small Business Retirement Savings Program (“MSBRSP” or “the Board”) through Maryland Small Business Retirement Savings Program, Inc. (“MSBRSP”), an instrumentality of the State of Maryland. Vestwell State Savings, LLC (“Vestwell”), dba Sumday Administration (“Sumday”), is the program administrator. Sumday and The Bank of New York Mellon are responsible for day-to-day program operations. Information about MSBRSB and the program’s management and staff can be found at MarylandSaves.org.

Under Maryland law, the Maryland Small Business Retirement Savings Board is a fiduciary with responsibility to act in the best interests of savers and in accordance with applicable law.

MarylandSaves’ investment options are selected by the MSBRSB. For more information on MarylandSaves’ investment options, go to MarylandSaves.com. Account balances in MarylandSaves will vary with market conditions, except for the Emergency Savings Fund which is invested in a guaranteed investment contract issued by The Lincoln National Life Insurance Company. Account balances are not guaranteed or insured by the MSBRSP, the State of Maryland, the Federal Deposit Insurance Corporation (“FDIC”) or other government organizations.

Participants who use MarylandSaves beneficially own and have control over their Roth or traditional Individual Retirement Accounts (“IRA”), as provided in the Program Description.

Participation by savers in MarylandSaves is completely voluntary. Saving through an IRA will not be appropriate for all individuals, and eligibility to contribute to a Roth IRA may be limited based on certain federal Internal Revenue Code income-based restrictions. Employer registration of employees with MarylandSaves is not an endorsement or recommendation of MarylandSaves, IRAs, or the investment options in the program. Contributing to a MarylandSaves IRA through payroll deduction offers some tax benefits and consequences. You should consult appropriate professional advice or consultation if you have questions related to taxes or investments.

The MarylandSaves name and the MarylandSaves logo are trademarks of the MSBRSP and may not be used without permission.

Privacy: Your information is private and will never be sold to any third party. Information about privacy policies for savers and employers can be found here.

© 2023 MarylandSaves