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 DB&B. 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 Fraud Examiner (CFE) and has worked on a … Continued
