After years of stop-and-go, the Secure Choice Savings Program is finally rolling out on March 18, 2026. This state-run initiative is about to change the way private-sector employers without a workplace retirement plan help their employees start saving for the future.
The Secure Choice Savings Program began in 2018 as a voluntary retirement savings option, but low participation led New York lawmakers to amend the law in 2021, making it mandatory for certain employers to automatically enroll their workers. Over the next three years, significant efforts were made to prepare the program’s infrastructure, setting up a governing board, developing clear rules, and creating step-by-step guidance to ensure a smooth transition for both businesses and employees.
Top 3 Employer Responsibilities for Secure Choice
Understanding your responsibilities with Secure Choice isn’t just about ticking boxes — it’s making sure your business stays compliant. Steps to take now
- Register: Visit the Secure Choice Savings Program employer website to register your business.
- Prepare for Payroll Deductions: Be prepared to deduct savings from your employees who stay enrolled, then send those contributions in to the program.
- Keep Everything Current: Send in payroll contributions every pay period and make sure your employee records are always up to date.
Mark Your Calendars: Secure Choice Deadlines
Registration is rolling out in phases based company’s size, business should receive an official notice from the state.
Deadlines to watch:
- March 18, 2026: employers with 30 or more employees
- May 15, 2026: employers with 15–29 employees
- July 15, 2026: employers with 10–14 employees
Upon receiving notice from New York Secure Choice, employers must either enroll in the program or submit exemption documentation. Registration requires a Federal Employer Identification Number (EIN) and a unique access code provided by the state. Employers who lose these credentials may request a re-issue via email.
Benefits of Secure Choice By enabling employees to save for retirement, businesses enhance their benefits offerings, potentially improving talent retention and satisfaction. The program also assures a structured savings pathway for employees who might otherwise lack access to retirement planning, promoting long-term financial security.
Don’t Wait – Prepare Now for a Smooth, Secure Choice Savings Program Rollout
If you don’t already have a retirement plan, now’s the time to work with your payroll provider to make sure your systems are ready for automatic deductions and accurate reporting. Already offer a plan? Have your documentation ready so you’re set to claim your exemption when registration opens.
Connect with CBIZ to learn how we can help simplify payroll deductions and ongoing compliance.
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