Green Mountain Secure Retirement Plan
State of Vermont voluntary open multiple employer plan
Year enacted |
2017, amended in 2019 |
Status |
Not yet active. Original 2019 launch date was postponed and then the state’s Treasurer’s office stated that it hoped for a 2021 launch. No further updates. |
Employers affected |
Employers with up to 50 employees that don't currently offer a plan; voluntary program |
Type of plan |
Multiple employer plan–401(k) |
Automatic enrollment |
Permissible |
Auto-escalation |
To be determined |
Default contribution rate |
To be determined |
Employer contributions |
Permitted |
Investment options |
To be determined |
Fees |
To be determined |
Website |
vermonttreasurer.gov/content/green-mountain-secure-retirement-plan |
Sources: Most of the information is from “State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features,” Georgetown University Center for Retirement Initiatives, 10/31/21 and the program's website. It is subject to change without notice. Please contact the state to learn more.
Learn more about the opportunity with state-facilitated retirement plans
John Hancock Investment Management Distributors LLC is the principal underwriter and wholesale distribution broker dealer for the John Hancock mutual funds. Member FINRA, SIPC.
John Hancock Retirement Plan Services LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. John Hancock Trust Company LLC provides trust and custodial services to such plans. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, New York. Product features and availability may differ by state. Securities offered through John Hancock Distributors LLC. Member FINRA, SIPC.
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