The Colorado SecureSavings name and the Colorado SecureSavings logo are trademarks of the CSSPB and may not be used without permission. You should consult appropriate professional advice or consultation if you have questions related to taxes or investments. Contributing to a Colorado SecureSavings Roth IRA through payroll deduction offers some tax benefits and consequences. For detailed steps, visit this article: Invite your employees to QuickBooks Workforce to see pay stubs and W-2s if you use QuickBooks Deskto. Pick the employee you need to give access to, then add their email address. Roth IRAs are not exclusive to Colorado SecureSavings and can be obtained outside of the program and contributed to outside of payroll deduction. Toggle the status to ON under QuickBooks Workforce, t. Employer facilitation of Colorado SecureSavings should not be considered an endorsement or recommendation by your employer of Colorado SecureSavings, Roth IRAs, or the investment options in the program. Saving through a Roth IRA will not be appropriate for all individuals. Once done, here are the steps to invite your new employee: Select Employees, then Employee Center. Account balances in Colorado SecureSavings will vary with market conditions and are not guaranteed or insured by the CSSPB, the State of Colorado, the Federal Deposit Insurance Corporation (“FDIC”) or any other organization.Ĭolorado SecureSavings is a completely voluntary retirement program. You can start by updating to the latest maintenance release and the latest payroll updates.It helps pull up the Manage Payroll Cloud Services option, where you can invite your employees again in workforce. For more information on Colorado SecureSavings’ investment options, go to. Ĭolorado SecureSavings’ investment options are selected by the CSSPB. Participants who use Colorado SecureSavings beneficially own and have control over their Roth Individual Retirement Accounts (“IRA”), as provided in the program offering set out at. Sumday and The Bank of New York Mellon are responsible for day-to-day program operations. Vestwell State Savings, LLC (“Vestwell”), dba Sumday Administration (“Sumday”), is the program administrator. Colorado SecureSavings is governed by the Colorado Secure Savings Program Board (“CSSPB”), an instrumentality of the State of Colorado.
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