ABCDEFGHIJKLMNOPQRSTUVWXY
1
COMPARING STATEWIDE RETIREMENT SOLUTIONS
2
Here are some differences between Washington's retirement plan marketplace and Oregon's proposed retirement savings plan.
3
Oregon Retirement Savings Board (proposed)Washington small business retirement marketplace (signed)
4
FormatOne plan with investment optionsMarketplace where plans will be sold
5
Automatic enrollmentYesNo
6
Businesses affectedAny not offering a retirement planNone; voluntary for those with fewer than 100 employees
7
Default contribution rateYes, to be set laterNo
8
Required employer contributionsNoNo
9
Effective date7/1/2017None specified
10
Cost limitsNone specifiedInvestment options can't cost more than 1% of amount invested
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100