Does MyCTSavings protect the security of funds deposited into my account?

Yes, MyCTSavings has processes in place to protect the security of contributions to your account. 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...

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