What happens if a participating business or nonprofit falls below the program eligibility threshold eligible employees?

A participating employer may choose to terminate Minnesota Secure Choice participation if its average number of eligible employees drops below 5 after a full calendar year. After notifying the program via phone or email, the employer must provide notice to enrolled employees at least 60 days before payroll contributions cease. Participating employees may leave their accounts unchanged or continue to make non-payroll deduction contributions unless they decide to transfer or close their accounts.