myctsavings
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  • Does MyCTSavings secure funds remitted to the employee accounts?

    MyCTSavings has processes in place to protect the security of employee contributions to their accounts. Our program administrator, Vestwell, utilizes reasonable security technologies to protect sensitive information in accordance with industry and regulatory standards, which may include encryption,...

  • Does the program have an investment consultant?

    Yes. The program has a private investment consultant that provides input, monitoring, and feedback about investments to the Connecticut Retirement Security Authority.

  • Does the program provide information and consumer protections to participants?

    Yes, MyCTSavings helps ensure that employees have more choices, more information, and easier access to retirement savings accounts. Consumer protections are included in the program and may be enforced by appropriate State agencies.

  • Does the State have printed or electronic materials to help my employees understand the benefits?

    Yes. There are educational materials you can send to employees electronically or print and share with them.

  • Does this program replace 401(k)s?

    No, this program is not meant to replace or compete with 401(k)s or other qualified retirement plans.

  • Employee Fact Sheet

  • Employee Fact Sheet en español

  • Employer Fact Sheet

  • Employer Fact Sheet en español

  • Employers

    Register today Start the registration process here. Signing up is the first simple step to helping your employees save for their future. You’ll need your unique Access Code that was sent to you and your Employer Identification Number (EIN) to begin. Need some help getting set up? Watch our...

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myctsavings
  • Employers
  • Savers
  • Help & Resources
  • About Us
  • Contact Us

Employer assistance
1-833-811-7435

Employee assistance
1-833-811-7436

clientservices@myctsavings.com

Terms & Conditions

Program Description

Privacy Policy

Connecticut Retirement Security Authority

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MyCTSavings is overseen by the Connecticut Retirement Security Authority (“CRSA”). Vestwell State Savings, LLC, dba Sumday Administration (“Sumday”), is the program administrator. Sumday and its affiliates are responsible for day-to-day program operations. Participants’ who use MyCTSavings beneficially own and have control over their Roth Individual Retirement Accounts (“IRA”), as provided in the program offering set out at myctsavings.com.

MyCTSavings’ Portfolios offer investment options selected by the CRSA. For more information on MyCTSavings’ Portfolios, go to MyCTSavings.com. Account balances in MyCTSavings will vary with market conditions and are not guaranteed or insured by the CRSA, the State of Connecticut, the Federal Deposit Insurance Corporation (“FDIC”) or any other organization.

MyCTSavings is a completely voluntary retirement program. Saving through a Roth IRA will not be appropriate for all individuals. Employer facilitation of MyCTSavings should not be considered an endorsement or recommendation by your employer of MyCTSavings, Roth IRAs, or these investments. Roth IRAs are not exclusive to MyCTSavings and can be obtained outside of the program and contributed to outside of payroll deduction. Contributing to a MyCTSavings Roth IRA through payroll deduction offers some tax benefits and consequences. You should consult appropriate professional advice or consultation if you have questions related to taxes or investments.

The MyCTSavings name and the MyCTSavings logo are trademarks of the CRSA and may not be used without permission.

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