What is OregonSaves

 

What It Is. What You Need to Do. How We Help.

Quick Overview

OregonSaves is a state-run Roth IRA program for employees who don’t have access to a workplace retirement plan.

If you have employees in Oregon, you must either:

  • Offer a qualified retirement plan, or
  • Register for OregonSaves

There is no opt-out for employers. Action is required.

What OregonSaves Means for You

If you do NOT offer a retirement plan

  • You must enroll in OregonSaves
  • Employees are automatically enrolled (they can opt out)
  • Payroll deductions go into a Roth IRA
  • You handle administration only (no employer contributions required)

If you DO offer a retirement plan

  • You are exempt
  • You must file a Certificate of Exemption
  • Must re-certify periodically

Key Points

  • Applies to all Oregon-based employees
  • Mandatory compliance for employers
  • Employees are auto-enrolled unless they opt out
  • No employer contributions required under OregonSaves
  • Roth IRA only (after-tax contributions)

The Reality

OregonSaves checks the compliance box.
It does not replace a well-designed retirement plan.

Limitations:

  • Low contribution limits vs. 401(k)
  • No employer contribution options
  • Limited plan design flexibility
  • Minimal impact on retention and tax strategy

Better Option: Employer-Sponsored Plan

Many businesses are better off offering a plan like a 401(k).

Why:

  • Higher contribution limits
  • Tax advantages for owners
  • Stronger employee benefit
  • More control and flexibility

In many cases, the cost difference is smaller than expected.

How We Help

Evaluate Your Situation
We determine whether OregonSaves or a private plan makes more sense.

Set Up the Right Solution

  • Register and manage OregonSaves, or
  • Design and implement a 401(k) / retirement plan

Handle Compliance

  • Certificate of Exemption filings
  • Ongoing monitoring
  • Documentation and support

Ongoing Support
We stay involved as your business grows and rules change.

Bottom Line

You have to do something.
The question is: check the box or build a real plan?

Get Help

Don’t guess. Get it right.

Call 503-608-7171 or schedule a consultation to review your options.