As a construction business owner in the state of Colorado, it’s important to note that the registration deadline for the Colorado SecureSavings retirement plan program is:
- March 15: Employers with 50+ employees
- May 15: Employers with 15-49 employees
- June 30: Employers with 5-14 employees
If you do not register your employees by these dates, you can face a penalty for noncompliance such as a failure to enroll eligible employees.
As intimidating as that sounds, you do not have to create a plan through Colorado SecureSavings — you can enroll your employees in any qualifying employer-sponsored retirement plan, such as a Beneco 401(k) plan.
A 401k plan provides an exemption to SecureSavings, and thanks to the Secure Act 2.0, setting up a 401k plan can provide tax credits to defray the costs.
We want to help! Scroll down and fill out the form below to set up a 15-minute consultation to learn how Beneco is working to develop a Colorado Retirement Plan to help make the whole process easy for you.
If you would like to read about Beneco’s services, we’ve included links to documents that can help you learn more.
*Companies that do not work on prevailing wage projects can also take advantage of the Beneco 401(k) plan!
