New York State Secure Choice Savings Plan – Mandatory Retirement Savings Is Coming — Are You Ready?
Starting Fall 2025, New York employers with 10 or more employees will receive a unique access code to register for the Secure Choice Savings Program — a new state-mandated retirement savings plan for private-sector workers without access to a workplace retirement plan.
Does This Apply to You?
If you’re a New York employer and:
- You have 10+ employees
- You do not currently offer a qualified retirement plan
- You’ve been in business for at least two years
Then you’ll soon be required to facilitate the Secure Choice Program.
What You’ll Need to Do:
- Register your company at www.NewYorkSecureChoice.com using your access code.
- Enroll your employees, set up payroll deductions, and submit contributions for those who stay in the program.
- Maintain ongoing compliance by updating employee info and processing contributions each pay period.
Key Deadlines by Employer Size:
| Employer Size | Deadline to Comply |
|---|---|
| 30+ employees | March 18, 2026 |
| 15–29 employees | May 15, 2026 |
| 10–14 employees | July 15, 2026 |
Want More Flexibility?
If a private retirement plan with higher contribution limits, tax advantages, and custom design better suits your business, contact:
About the Author
Karen Hovey, CPA, CFE/CFF
Karen Hovey is a Principal in the Tax Department at Dermody, Burke & Brown CPAs, LLC. She has over 30 years of experience in audit, tax, and accounting services. She specializes in the preparation and review of complex individual and business returns, including multi-state returns. She has over 20 years of experience as a Certified … Continued
