About us

Our mission is to empower workers to establish and increase retirement savings through an automatic, low-cost, trusted retirement plan benefitting Maine workers, employers and taxpayers.

More than 200,000 Mainers do not have access to retirement savings through work. MERIT helps bridge Maine’s retirement savings gap.

MERIT, the Maine Retirement Investment Trust, was created by the Maine Legislature in An Act to Promote Individual Retirement Savings through a Public-Private Partnership in recognition of the benefits to both the State and residents of the State in establishing retirement savings accounts. The MERIT Board (meritsaves.org) has established a workplace retirement savings program for employees who do not otherwise have access to a retirement savings plan through their employer. Employees will be automatically enrolled in a Roth IRA Account. Once enrolled, the account will be funded from an employee’s wages unless the employee opts out.