Are there any fees for employers to participate?

There are no employer fees. Employers are not required nor permitted to make employer contributions to the program.

Are there income limits to participate in MyCTSavings?

Yes, you must determine if you meet federal income limits. If you don’t, you can’t contribute to Roth IRA accounts. Simply put, if you make over a certain amount of income in a given year, you may not be eligible. This income limit is determined by the IRS and is based on something called your...

Are there legal protections from creditors for my funds?

Your MyCTSavings account is structured as an IRA and may be protected from creditors. Circumstances vary, and you should consult with an appropriate expert if you need specific guidance.

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

MyCTSavings has processes in place to protect the security of employee accounts and information. Our program administrator and their affiliates have dedicated security and compliance teams to implement encryption, strict internal protocols and training, and annual independent security audits. And...

Are workers of only certain immigration statuses eligible for the program? What about undocumented workers?

Only workers with a verifiable Individual Tax Identification Number (ITIN) or Social Security number (SSN) can participate in the program. If a worker's information cannot be verified, the worker will not be enrolled, and an account will not be established for him or her.

Autoenroll Notice / Opt-Out Form

Autoenroll Notice / Opt-Out Form (Espanol)

Beneficiary Addendum Form

Beneficiary Designation Form

Beneficiary Designation Form (Espanol)