OregonSaves is the state mandated retirement plan that began in 2018. Employers who don’t sponsor a retirement plan, must facilitate an OregonSaves plan for their employees through payroll deductions. Employers will be contacted before the deadline to register. Deadlines are based on employer size. If you already sponsor a plan, you’ll will just need to certify your exemption.
May 2019 saw the 4th wave of the OregonSaves roll out. This is the phase that affects businesses with 10-19 employees. November 2019 is the next wave of enrollment for employers with 5-9 employees. Employers who are ready to set up their account with Oregon Saves or certify their existing plan, don’t have to wait until their wave. They can do so at any time.