Welcome to MERIT. The easy way to save for retirement.
MERIT has officially launched!
The Maine Retirement Investment Trust (MERIT), is a new retirement savings program, created by the Maine Retirement Savings Board. Here in Maine, 40% of our private-sector workforce does not have access to a retirement savings plan at work. MERIT was created to help bridge Maine’s retirement savings gap.
With MERIT, businesses can help their employees save for retirement in a Roth Individual Retirement Account (IRA) through convenient payroll deductions. This new program is an easy way for Mainers to save for the future.
Employers
Registration for the MERIT program is now open for eligible employers. Get started today.
Savers
Plan for what’s ahead. MERIT is a flexible and secure way to save, even if you’re self-employed.
Great benefits to help you succeed
Employer benefits
No cost for employers
Getting started is fast and easy
Works seamlessly with your payroll process
Stay competitive by offering access to a great benefit to your employees
Requires very little time and administration
Saver benefits
Secure, simple way to save for retirement
It’s portable — if you change jobs, your money and your account go with you.
Customizable contribution amounts to meet your needs
It’s voluntary — stay enrolled automatically or opt out and re-enroll later
Access to online tools and real people trained to answer your questions
Want even more info?
Download additional information about MERIT.
MERIT expands Mainers’ access to retirement savings
More than one quarter of Americans have no money saved for retirement.1 MERIT can help you bridge the retirement savings gap.
Reference
1. “Your Evening Briefing: One in Four Americans Have No Retirement Savings,” Bloomberg, 17 April 2023. https://www.bloomberg.com/news/newsletters/2023-04-17/bloomberg-evening-briefing-one-in-four-americans-have-no-retirement-savings