By Delaware Division of Small Business
Delaware employers have until Oct. 15, 2024, to register for Delaware EARNS, the “secure choice” program designed to provide workers and employers with access to low-cost retirement savings plans.
What you need to do before Oct. 15:
- If you’re a private-sector employer with five or more W-2 employees (full- or part-time) and don’t offer a qualified retirement savings plan, you are required by law to offer Delaware EARNS.
- If you already offer a retirement savings plan, you need to notify Delaware EARNS of your exemption, which is a simple process.
- If your business has fewer than five employees, you’re not required to participate but can choose to self-enroll in the program and let your employees know they can self-enroll also.
Nearly 150,000 Delaware employees don’t have access to a qualified retirement savings plan at work. Delaware EARNS hopes to change that by providing a convenient way for all workers to save for retirement. By registering for Delaware EARNS, you’re building a healthier work culture and offering your employees a more secure future.
Please visit EARNSDelaware.com to start the process!
