• How can facilitating MyCTSavings help my business?

    It can be challenging for small businesses to provide a qualified, employer-sponsored retirement plan that helps employees reach their financial goals. MyCTSavings can help you minimize this burden. Employers that already facilitate this type of program tell us it’s a manageable way to provide...

  • How can I learn more about investment options?

    You can get general information about the portfolios here, or talk to a financial advisor about your investment options.

  • How do I join MyCTSavings?

    Actually, you don’t have to do anything once your employer facilitates MyCTSavings. You’ll be enrolled automatically and start saving right away, with the money going into a default investment selection based on your date of retirement. Participation in MyCTSavings is completely voluntary for you....

  • How do I know if my employer facilitates the State's program?

    If you haven’t received your automatic notification and enrollment, you should ask your employer, or call 1-833-811-7435, Monday – Friday, 11 a.m. – 6 p.m. ET.

  • How do I set up my MyCTSavings account online after I’m enrolled?

    If you choose to participate, set up your account here and follow the on-screen instructions. If you need help, just give us a call at 1-833-811-7436, Monday – Friday, 11 a.m. – 6 p.m. ET.

  • How does enrollment work?

    First, you’ll be asked to provide certain information about your business and employees. We ask only for the basic information necessary to set you up as an employer and to set up your employees' accounts. You’ll get information to share with your employees that will include instructions for them....

  • How does the MyCTSavings program work?

    MyCTSavings offers a simple way to save for retirement. If your employer is registered for the program, you can save through automatic payroll contributions from your paycheck. The default savings rate for a MyCTSavings account is 3% of your gross pay (the amount you earn before taxes or any other...

  • How is MyCTSavings different from plans like a 401(k) or an IRA?

    The program is designed to pull together some of the best features of popular employer plans and IRAs. We’re helping to lower barriers like complex administration and high costs that may keep employers from offering a successful retirement savings plan to their employees. With MyCTSavings,...

  • How is the MyCTSavings program different from plans like a 401(k) or an IRA?

    Many plans involve complex administration requirements, fiduciary liability, and high costs, all of which can keep employers like you from offering employees retirement savings plans. But MyCTSavings is different. It offers some of the best features of popular employer plans and IRAs, but without...

  • How long does it take to complete enrollment online?

    That depends on how many employees you have and whether you enter their information manually, use the batch upload feature, or use our payroll system integration for multiple employees. Once employees are entered into the system, just update your payroll processing to include employee...