Employers
Help your employees save and help your business grow
All eligible employers must register or certify their exemption by the last day of their designated enrollment phase.
Minnesota Secure Choice is a new state-administered retirement savings program. This program offers unique opportunities for your business or nonprofit.
What’s more, it’s voluntary for employees — they can stay automatically enrolled or opt out and re-enroll later.
Already offer a retirement plan?
Mandatory enrollment in the Minnesota Secure Choice Retirement Program applies only to employers that don’t offer a qualified retirement savings plan for their staff. If you already offer one, use your unique Access Code and EIN to certify your exemption here.
Program benefits
This program gives businesses and nonprofits like yours an easy way to help employees save for the future, and it benefits you, too.
Minnesota Secure Choice can work for you
Retirement savings programs can help attract and retain employees and increase productivity.¹
No employer fees
With no employer match or employer fees, Minnesota Secure Choice helps employers of any size stay competitive by offering access to a great benefit for employees.
Easy to set up
It’s simple to set up — no complex administration and minimal ongoing responsibilities.
Low time investment
It lets you focus on your business or nonprofit and offers easy integration with some payroll providers
No fiduciary responsibility
You have no fiduciary responsibility, meaning you are not responsible for the investment decisions or outcomes of any employee that participates in the program.
Not responsible for matching contributions
You are not responsible for matching contributions. It is not permitted by the program.
Attract and retain employees
It’s a valuable benefit to attract and retain employees by giving them a simple and secure way to save through automatic payroll contributions into an IRA.
How the Minnesota Secure Choice Retirement Program is different from plans like a 401(k)
You may not currently offer a retirement savings plan to your employees because of complex administration requirements, fiduciary liability, or high costs. But the Minnesota Secure Choice Retirement Program is different. It offers some of the best features of popular employer plans and IRAs, but without the burdensome requirements, allowing employers to focus on facilitating the program — all with no cost to you.
This program is not meant to replace or compete with 401(k)s or other qualified retirement plans. Employers that offer a qualified retirement plan are exempt from the program.
Reference
1. Judy Faust Hartnett, “Benefits Continue as Major Factor in Employee Retention,” Plan Sponsor, 30 September, 2025.
https://www.plansponsor.com/benefits-continue-as-major-factor-in-employee-retention/76373710