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Where can I find help setting up my employer account?
Whether you’re new to OregonSaves or are a long-time user, you’ll find enhanced employer portal is designed to be easy to use and navigate. The portal features built-in help articles and tips along the way. If you need a hand, you can access support any time at...
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Where can I find information about investments, fees, risks, and other program details?
The information you want is detailed in our Program Description.
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Where do my automatic contributions go?
Your contributions are deposited into your own personal Roth IRA account that moves right along with you as you change jobs. Your OregonSaves account will always be completely within your control.
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Which businesses are eligible to participate in OregonSaves?
All Oregon businesses must facilitate OregonSaves, unless they already offer a qualified, employer-sponsored retirement plan.
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Which company is administering the program?
The Oregon Retirement Savings Board has selected Vestwell State Savings, LLC, dba Sumday Administration, as the program’s new administrator. Sumday, a Vestwell Holdings, Inc. company, is an experienced retirement and college savings services provider and will act as the IRA trustee, manage account...
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Who decided to make changes to the program?
In conversations initiated by the previous OregonSaves service provider, the State of Oregon and Ascensus were not able to reach terms agreeable to both parties on proposed changes to the program structure. OregonSaves was designed to serve those most in need of building financial security and it...
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Who is responsible for choosing the available investment options?
The Oregon Retirement Savings Board is responsible for making decisions about the investment options available to participants of the program.
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Who is responsible for choosing the investment options for participants?
The Oregon Retirement Savings Board is responsible for making decisions about the investment options available to participants of the program.
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Who is responsible for oversight of OregonSaves?
As required by the Enabling Legislation (ORS 178.200), the Oregon Retirement Savings Board was tasked with the establishment and oversight of a state-run retirement savings program that provides Oregonians with an opportunity to save through payroll deductions. The seven-member board is chaired by...
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Who will be responsible for determining if employees meet income limits?
Employees are responsible for determining if they meet income limits and are not eligible to contribute to Roth IRA accounts. Program materials will include information on income limits to help employees give consideration to whether and how they can participate in the program. At this time,...
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