Earlier this year, Minnesota passed a law requiring companies with five or more employees to provide a retirement program. This program is a state-run retirement savings plan that requires companies to work with the Board of Investments to ensure all appropriate steps are taken to establish an effective plan.
The Program will not be open for enrollment until mid-to late-2025.
To read the full article from the Minnesota Society of CPAs, visit their website:
Have an employee retirement plan?
