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  • What do I do if I currently offer OregonSaves to my employees but intend to introduce a qualified retirement plan?

    Employers that choose to introduce a qualified retirement plan after enrolling employees in OregonSaves should contact our client services team at 1-844-661-1256 and request to “unregister.” We will begin the manual process of exempting your business out of the program and adjusting your employees’...

  • What do I need to do after I’m enrolled?

    You will be automatically enrolled in OregonSaves unless you choose to opt out, and you will have 30 days to decide after your employer adds you to the program. Once you are enrolled, you can choose to do nothing or customize your savings options. Deductions will start as soon as your next...

  • What does automatic enrollment mean?

    Eligible employees are enrolled automatically in OregonSaves once they are added by their employer. Employees have 30 days to opt out of payroll contributions will begin automatically for employees at the standard savings rate, or a custom savings rate if they so choose.

  • What does the administrative fee pay for?

    The fee covers all administrative costs associated with the program, such as the cost of maintaining your account, oversight of the program’s investments, providing customer service, keeping records, online and phone services, and the operating expenses of the underlying investment funds in which...

  • What happens if I opt out?

    You can opt out at any time. If you opt out within the 30-day period after OregonSaves notifies you about being enrolled, no payroll deductions will be made from your paycheck, and your account will not be activated. If you choose to stop participating after contributions have begun, payroll...

  • What happens to my account if I change employers?

    Your OregonSaves IRA belongs to you. Your money will always remain in your retirement savings account under your control. If your new employer facilitates the program, OregonSaves will notify you and payroll contributions will begin at your new job, unless you choose to opt out. If your new...

  • What happens to my account if I move out of state?

    Your OregonSaves IRA belongs to you. If you continue to work for an employer that facilitates OregonSaves, you can participate with your same account via payroll contributions. If your new employer doesn’t facilitate the program, you can make contributions on your own through your bank account. You...

  • What happens to my money if I die with no named beneficiaries?

    If you die and have no named beneficiaries, the account will be payable to your estate under the terms of the IRA. Accounts that become unclaimed property will be subject to applicable law.

  • What if an employee already has an existing OregonSaves account?

    OregonSaves accounts are designed to be portable and stay with a worker throughout their career. Employers do not need to worry about identifying an existing account for employees already saving with OregonSaves. Simply provide basic information about the employee, and OregonSaves will direct new...

  • What if an employee asks me for advice about the program or its investment options?

    Employers should refer employees to the program website (OregonSaves.com) or the call center (1-844-661-6777) for questions about OregonSaves or their account. Employees should contact their financial advisors for investment advice.