As of 2026, 17 states have mandates requiring small businesses to offer a retirement plan or be automatically enrolled in a state-run program. In our region, active mandates apply to New Jersey (25+ employees), Delaware (5+), New York (10+), and Maryland (1+), with penalties for non-compliance.
State-run programs, such as NJ’s Retire Ready Auto-IRA, meet legal requirements but come with limited investment options, no employer matching, and minimal flexibility.
A private retirement plan, by contrast, offers custom investment choices, higher contribution limits, potential employer tax credits, and reduced administrative burden. It can help attract and retain employees while giving you more control over your own savings.
Contact us to discuss your options and learn how establishing a plan can be easier and more affordable than you might expect.
Empowering business owners and individuals in South Jersey and Philadelphia to feel confident through proactive accounting and advisory solutions.
