Skip to content

Did You Miss NFIB’s Virtual Event on Maine’s New State-Mandated Retirement Program? Watch It Here.

Did You Miss NFIB’s Virtual Event on Maine’s New State-Mandated Retirement Program? Watch It Here.

April 25, 2024 Last Edit: July 23, 2024

Small businesses across the state will be affected.

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)

This state-mandated retirement program for private sector employees will affect small businesses across Maine. While this new payroll deduction would require employees to opt-out, employers will be faced with additional administrative challenges.


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: elizabeth.bordowitz@mainesaves.org and (207) 888-4706

As always, if you need assistance or have any questions, please reach out to Grassroots Manager Julianna Rauf at julianna.rauf@nfib.org or 857-228-9978.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

December 5, 2024
Small Businesses Applaud Passage of Legislation to Reduce Burde…
Read More
December 4, 2024
Michigan Small Business Owners Demand Action on Paid Sick Leave…
Read More
December 3, 2024
NFIB NJ on the Hardscape Huddle Podcast
In this insightful episode of the Hardscape Huddle, host Kyle sits down wit…
Read More
December 2, 2024
Leadership Changes Govern 132nd Legislature
Read More

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility