Mandatory Registration
To Register Vestwell
All Oregon employers with at least one employee are subject to the program and must register online with the Board. Any employer that sponsors a qualified retirement plan can claim an exemption for the program, but must go online to do so. This program began in July 2017 for companies that employ >100 People.
A qualified employee must be at least 18 years of age and been employed by the employer at least 60 days. Employers must withhold 5% of each eligible employee’s wages, unless the employee elects to withhold a different amount (including zero).
To register and find more information go to the OregonSaves Vestwell
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