Employers in New York with ten or more employees who physically work in the state and do not provide a retirement plan are now required to offer the New York Secure Choice Program, according to a March 16 announcement.
The new requirement affects businesses of varying sizes, with specific registration deadlines based on the number of employees. Employers with 30 or more workers must register by March 19, while those with 15 to 29 employees have until May 15, 2026. Businesses employing between 10 and 14 people must complete registration by July 15, 2026.
To register for the program, employers will need their federal employer identification number (EIN) and a unique Access Code provided by the Secure Choice Retirement Savings Program. For those who have already signed up, New York Secure Choice will notify them when it is time to register their business.
The initiative aims to expand access to retirement savings options for workers whose employers do not currently offer such plans. More information about registration and program details can be found at the official website: https://newyorksecurechoice.com/employers.
As these deadlines approach, affected employers are encouraged to review their obligations and ensure compliance with the new requirements.
