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

What does automatic enrollment mean?

It means that if an employee takes no action during the 30 day opt-out window for the program, a Roth IRA will be opened in their name and will be listed as an active employee on your report to send payroll contributions. Employees who are automatically enrolled in the program will have the default contribution settings elected.

Articles in this section

  • 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?
  • Are there measures to keep my account safe from cyber threats?
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