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Employer Saver
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  1. MERIT
  2. Employer
  3. Frequently Asked Questions
  4. Employer FAQs

Do employers have to facilitate this State program?

Yes. Under Maine law, Maine employers will be required to offer their employees some sort of retirement savings. This can be a traditional pension, a 401(k) plan, a 403(b) plan, a SEP Plan, a SIMPLE IRA plan, a governmental deferred compensation plan — or an account from MERIT.

Articles in this section

  • Where can I find information about investments, fees, risks, and other program details?
  • Can my company join the program before its required date?
  • How Do I Contact MERIT?
  • When can I register?
  • Do employees need to fill out paperwork to enroll or make changes?
  • What does automatic enrollment mean?
  • Where can I find a copy of the Program Disclosure Booklet?
  • How long does it take to complete registration online?
  • What if my payroll provider is stating they will charge a fee for remitting contributions with MERIT?
  • What if my payroll company won't help me administer MERIT?
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