Get answers to frequently asked questions.
Frequently asked questions for employers
- Fees and Costs
- Onboarding Process
- Program Manager Transition
- How will I know when I have to register and add my employees?
You’ll get a series of reminders and onboarding communications from OregonSaves when it’s time for you to participate. If you already offer a qualified, employer-sponsored retirement plan, this will also be your chance to certify your exemption from the program.
- Can my company join the program before its required date?
You can join at any time. The required date is considered to be your deadline to comply.
Simply visit our sign-up page, then enter your EIN and Access Code. If you have not yet received a formal invitation letter with your Access Code, please reach out to our call center for assistance at 1-844-661-1256.
- Which businesses are eligible to participate in OregonSaves?
All Oregon businesses must facilitate OregonSaves, unless they already offer a qualified, employer-sponsored retirement plan.
- Does the program have an investment consultant?
Yes. The program has a private investment consultant that provides input and feedback about investments to the Board.
- Are seasonal employees eligible?
Yes, if they work for an employer for more than 60 days, which is the window for employers to add new hires. If they work for fewer than 60 days, the employer will not need to add them.
- Do family members who work for my business count as employees?
Yes, they can participate if they are considered to be employees for tax purposes.
- Do I need to facilitate the program if I have only a small number of employees?
Yes, all employers, no matter how many employees they have (even one) must facilitate OregonSaves, if they don't offer a qualified, employer-sponsored retirement plan.
- Do I need to offer the program to work-study students?
No, you do not need to facilitate the program for full-time students in work-study programs.
- Do payroll deduction IRAs count as an employer-sponsored retirement plan?
No. Payroll deduction IRAs are not qualified retirement plans as defined by either federal or Oregon state statutes.