Get answers to frequently asked questions
MERIT is a retirement savings program created for Maine's nearly 940,000 workers without access to employer-sponsored retirement savings plans. Here are answers to many of the common things we’ve been asked. If you have questions beyond these, we’re here to help.
- Eligibility
- Fees and Costs
- General
- Investments and Contributions
- Payroll Providers
- Registration Process
- Security
- Are there any fees for employers to participate?
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There are no employer fees. Also, employers are neither required, nor permitted, to match employee contributions to the program.