OregonSaves is an easy way to help your employees save for retirement. It allows workers in Oregon to take responsibility for their own financial future by saving now, through payroll deduction, into a Roth IRA account in the OregonSaves program. Research shows that employees are more productive when they have less finance-related stress.1 They are also 15 times more likely to save for retirement if an option is available at work.2 OregonSaves helps you as an employer compete to attract and retain good employees. We know your primary responsibility is to keep your business running smoothly, and the program is designed so that you will have a simple and limited role.
OregonSaves is sponsored by the State of Oregon who has partnered with professional third-party administrator and investment professionals to design and operate the program. This means your responsibilities are limited to facilitating the process. As a facilitator you will not have financial obligations to the program or be required to outlay funds to make employer contributions to your employees’ Roth IRA accounts. After you complete registration and provide information to set up your employees’ Roth IRA accounts, your ongoing responsibility is simply to provide program information to your employees, make payroll deductions and to provide updated employee information.
We're here to guide you every step of the way, from registration to remittance, and everything else you need to know. This roadmap is designed to help you find out everything you need to know about OregonSaves, and how to get it done.
Program details
Looking for additional information on OregonSaves and everything you need to know as an employer? We provide employee resources, forms, and other OregonSaves material for your convenience.
Resources1Finding the Links between Retirement, Stress, and Health, 2016.
2AARP Access to Workplace Retirement Plans by Race and Ethnicity Fact Sheet, based on EBRI research.