Nearly a million Marylanders are working full-time but their employers don’t offer a savings plan, so many don’t have money set aside for emergencies and retirement. MarylandSaves, created by the State of Maryland, is designed to help. They provide a safe, trustworthy automatic WorkLife Savings Account for anyone whose employer signs them up or who sign up themselves.
MarylandSaves is easy for employers and employees. Registration is quick and FREE: there is no charge to employers – in fact, the State will waive a $300 annual registration fee for employers that sign up. The program is active now.