Welcome to MarylandSaves. The easy way to save for retirement.
MarylandSaves is a new retirement savings program, created by Governor Hogan and the Maryland Legislature. Here in Maryland, nearly one million private-sector employees have no employer-sponsored retirement savings plan. MarylandSaves was created to meet this urgent need. With MarylandSaves, employers can help their employees save for retirement in a convenient Roth IRA — what we call a WorkLife Account — that they can take with them even if they change or leave their job. It’s a seamless way to help Maryland employees save and plan for the future. The Program is governed by the Maryland Small Business Retirement Savings Program.
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Registration is open to all eligible employers. Register now to help your employees save and plan for their future.
Great benefits to help you succeed
No cost for employers
Getting started is fast, easy, and secure
Works seamlessly with any payroll process
Stay competitive by offering a great benefit to your employees
$300 waived state annual report filing fee
It’s your money — if you change jobs, your money and your account go with you
Secure, simple way to save for retirement
Flexible contribution levels to meet your needs
It’s voluntary — stay enrolled automatically or opt out and re-enroll later
Automatically save your first $1,000 in our emergency savings feature
Financial security is a growing concern!
51% of Americans have increased concern about their retirement due to the COVID-19 pandemic.1
1. Bond, Tyler, et al. “Retirement Insecurity 2021: Americans' Views of Retirement.” National Institute on Retirement Security, 26 Feb. 2021, www.nirsonline.org/reports/retirementinsecurity2021.