New York Secure Choice Savings Program
The NY Secure Choice Savings Program is a new state-mandated retirement initiative launching in late 2025 or early 2026. Employers with 10+ employees who don’t currently offer a qualified retirement plan will be required to automatically enroll staff in this program. Managed by Vestwell and overseen by the state, this program helps employees save through automatic payroll deductions. Now is the time to review your current plan and prepare for compliance.