Washington Saves is a new state-facilitated retirement savings program scheduled to open in July 2027. Certain employers will be required by law to make the program available to their employees if they don’t offer a qualified retirement plan. See if the mandate applies to your business by visiting www.wasaves.com.
The program will be easy to use. Simply register, update employees, and set up payroll contributions. Washington Saves takes care of the rest!
What employers should know:
- No program fees for employers
- No employer contributions
- No fiduciary liability for employers
- A private company manages investments, with oversight from a public Governing Board.
- Employees control their own accounts and can opt out anytime
Why the state created Washington Saves
More than 1.2 million Washingtonians do not have a way to save for retirement through work. Washington Saves gives people access to portable Individual Retirement Accounts (IRAs) funded through automatic payroll contributions.
Learn more about Washington Saves
Stay connected as the program develops.
- Visit www.wasaves.com for information and resources.
- Subscribe to the email list for program updates.
- Follow on LinkedIn, Facebook, Instagram and Bluesky.
- Email questions or suggestions to [email protected].
