Delaware is the latest state to require employers to offer a State IRA program that doesn’t offer a 401(k) or similar workplace plan.
Delaware Gov. John Carney signed into law, legislation that will create a state-run program to automatically enroll eligible private sector workers in Roth IRA accounts.
The program, Delaware EARNS, will be enacted in 2025. For advisors in that state, it may be another opportunity to push Pooled Employer Plans (PEPs).
