Small businesses across the state will be affected.
Learn more about what Maine's retirement savings program, MERIT, means for small business owners.
On March 27, NFIB Maine State Director David Clough hosted a timely and informative virtual event to help members learn what to expect as the state’s new mandated retirement savings program ramps up. While a free registration was required, we’ve provided a recording of the briefing for members.
NFIB partnered with Maine’s new MERIT program and its Executive Director Elizabeth “Beth” Bordowitz, who also heads the Maine Retirement Savings Board, to educate small businesses on how to comply with this mandate and to discuss the law, employer administrative duties, possible exemptions, important deadlines, and more.
>>>>> WATCH THE RECORDING HERE <<<<<
(Or click on the image below)
As mentioned during the event, MERIT Executive Director Beth Bordowitz wanted the following information and contacts to be provided to members:
>>> Regarding a question on 401(a) plans: If an employer has a 401(a) plan, they are exempt from the program.
>>> The registration portal is: meritsaves.com (This is also where businesses register their exemption.)
>>> The customer service line for employers is (833) 608-8811 (for any employer question on registration or access codes).
>>> Executive Director Bordowitz’s contacts: [email protected] and (207) 888-4706
As always, if you need assistance or have any questions, please reach out to Grassroots Manager Julianna Rauf at [email protected] or 857-228-9978.
