State Retirement Plans
Several states have passed laws requiring businesses to offer a retirement plan to their employees. Crecer provides a free, easy to use solution that allows businesses to qualify for an exemption to using the state's retirement plan.
Click the circles on the map to see details for each state with an active retirement plan requirement.
State Plans Comparison
| Feature | State-run program | Crecer |
|---|---|---|
| Employer fees | Varies by state; often no direct employer fee. | $0 employer fee (not required to contribute to employee's account. |
| Plan Management | Process payroll contributions each pay period. Manually update employee contributions and changes to employee roster. | Automated payroll processing and plan management¹. |
| Investment options | Standard options with no personalization for employees. | Personalized managed portfolios based on employee's risk tolerance and goals. |
| Payroll integration | Varies by state and payroll provider. Some states charge for direct payroll integration. | Intragates with over 200 payroll providers at no additional cost. |
| Max Employee Contribution | $7,500 per year for IRA | $24,500 per year for 401(k) |
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