Are there additional withdrawal restrictions beyond normal Roth IRA restrictions?

No. The only withdrawal restrictions for OregonSaves IRAs are those set by the federal government for any Roth or Traditional IRA. Please consult with a tax expert or financial advisor about your circumstances.

Are there any fees for employers to participate?

No, there are no employer fees, and OregonSaves does not allow employer contributions. The employer's role is limited to simply facilitating the program for employees.

Are there income limits to participate in OregonSaves?

Yes. It is up to the employee to determine if you meet the applicable income limits to contribute to a Roth IRA account. Simply put, if you make over a certain amount of income in a given year, you may not be eligible. This income limit is determined by the IRS and is based on something called your...

Are there legal protections from creditors for my funds?

Your OregonSaves account is structured as an IRA and may be protected from creditors. Circumstances vary, and you should consult with an appropriate expert if you need specific guidance.

Are workers of only certain immigration statuses eligible for the program? Are undocumented workers eligible?

Only workers with a verifiable individual tax identification number (ITIN) or Social Security number (SSN) can participate in the program. If a worker's information cannot be verified, the worker will not be enrolled, and an account will not be established for him or her.

Are workers of only certain immigration statuses eligible for the program? What about undocumented workers?

Only workers with a verifiable individual tax identification number (ITIN) or Social Security number (SSN) can participate in the program. If your information cannot be verified, you will not be enrolled, and an account will not be established for you.

Auto-enroll and opt-out form

Autoenroll Notice Form

This combines notice of OregonSaves auto-enrollment and program highlights with an Opt-Out Form to use if you decide you do not want to participate in the program.

Autoenroll Notice Form (Espanol)

Beneficiary Addendum Form

Use this form to change or add primary beneficiaries and/or secondary beneficiaries that will not fit on your Add a Beneficiary Form.