Employer 401(k) Advice · Connecticut
A Plan Built for Your Company, Not Just the State Program
Connecticut requires almost every employer with five or more employees to offer either the state's MyCTSavings program or another qualified retirement plan. Many owners choose the state program only because it is the easiest first step.
A company 401(k) can do things the state program is not designed to do, such as an employer match and higher contribution limits for you and your team. We help Connecticut employers compare the options and, if they choose a 401(k), set it up and oversee it.
What We Do
401(k) Plan Advice for Connecticut Employers
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Plan Design & Setup
Safe harbor, traditional, Roth and profit-sharing options, coordinated with your recordkeeper and plan administrator.
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Fiduciary Support
We help document how investments are selected and monitored, and how fees are reviewed.
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Fee Benchmarking
A side-by-side look at what your plan costs, with no charge and no obligation.
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Employee Education
Enrollment meetings, group sessions and one-on-one conversations for your team.
Local Considerations
What Connecticut Employers Often Ask About
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MyCTSavings and your options
Employers with five or more employees generally must offer MyCTSavings or another qualified plan. If you already have a qualified plan, you certify an exemption with the state using your access code. If you have neither, the choice is between the state program and a plan of your own.
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What a 401(k) adds
State auto-IRA programs generally do not include an employer match, and IRA contribution limits are lower than 401(k) limits. A 401(k) lets you reward employees with matching or profit-sharing contributions and lets owners save more.
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Federal tax credits for new plans
The SECURE 2.0 Act offers eligible small employers tax credits for starting a plan, for automatic enrollment and for employer contributions, for the first several years. Eligibility depends on IRS rules, so check with your tax advisor.
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Insurance, healthcare and manufacturing employers
Connecticut has many employers in insurance, healthcare, manufacturing and professional services, often with a mix of salaried staff and shift workers. We help design plans that fit your workforce and keep nondiscrimination testing manageable.
Free Guide · 7 pages
Starting a 401(k) Under SECURE 2.0
Plan types, 2026 contribution limits, the federal tax credits for small employers, the new automatic enrollment rules and a typical setup timeline.
Common Questions
Questions Connecticut Employers Ask
Employers that offer a qualified plan generally do not have to offer MyCTSavings, but the state asks you to certify the exemption. Confirm the steps on the state's site.
Usually, yes. A company plan has costs that the state program does not. The question is whether the added features, such as an employer match and higher limits, are worth it for your company. We help you compare.
Often. Many Connecticut employers have a bundled plan with one provider. We can review it and explain the alternatives, which may include an unbundled structure with a separate administrator.
Our office is in Boston. We work with Connecticut employers by video and phone, and in person by arrangement.
Prefer to Talk It Through?
Request a Complimentary Plan Review
Send us your plan's most recent fee disclosure and we will review its costs, investments and structure, then explain what we find in plain terms. No cost and no obligation.
This page is general information about 401(k) plans for Connecticut employers. It is not individualized investment, tax or legal advice, and is not an offer to buy or sell any security. State retirement-program rules change; confirm current requirements with your state's program and your legal and tax advisors. Radius Wealth Management LLC provides individualized advice to residents of a state only where permitted. Our office is at 1 Marina Park Drive #1410, Boston, MA 02210.