MarylandSaves WorkLife Savings Account and Annual Report Fee Waiver

MarylandSaves is a state-mandated and state-sponsored workplace retirement and emergency savings program that automatically enrolls eligible Maryland private-sector workers into a personal WorkLife Savings Account (a Roth IRA) funded by payroll deductions. Workers can use the account for both emergency savings and retirement savings, with tax-free growth on earnings. The default contribution rate is 5% of each paycheck, increasing 1% per year up to a maximum of 10% (minimum 1%). The first...