You are eligible to participate in the MERIT Retirement Savings Program if:
- Your business is registered to conduct business in the state of Maine
- You have at least five W-2 employees who have worked for you for at least 120 days
- You have been in business for two or more years; and
- You don’t currently offer a qualified retirement savings program to your employees
If your business already offers a qualified retirement plan to your employees, you are not eligible to participate in MERIT.