New Jersey's retirement mandate expanded: What businesses with 10+ employees need to know in 2026

New Jersey has widened the reach of its retirement mandate. In January 2026, the state lowered the RetireReady NJ threshold from 25 employees to 10. If your business has 10 or more employees, has operated for at least two years, and does not offer a qualified retirement plan, you are now required to register for RetireReady NJ or certify an exemption. This video explains who is covered, what the penalties are, and why RetireReady NJ may not be the best fit for your business. In this video: 0:00 The retirement crisis in America 1:58 RetireReady NJ basics and who is required to comply 2:55 New Jersey state mandate requirements and registration 3:15 Penalties for non-compliance 4:18 RetireReady NJ vs. the PlanMember PEP 8:30 How to choose the right plan for your business Key facts covered: • New Jersey lowered the mandate threshold from 25 employees to 10, effective in January 2026. • Covered employers that have been in business at least two years and do not offer a qualified plan. • Penalties escalate over time, from a written warning to $500 per employee per year. • Employers who already sponsor a qualified plan are exempt but must still certify the exemption. • The PlanMember PEP retirement plan solution is a collaboration between Charles Schwab, Milliman, and PlanMember that offers plan sponsors and their employees a truly exceptional experience. RetireReady NJ meets the requirement, but it is a one-size-fits-all program with a limited investment menu, no employer match, and no personalized support. The PlanMember Pooled Employer Plan (PEP) offers an alternative built for employers who want flexible plan design, a broader investment lineup, valuable tax credits, and personalized service for every employee. Learn more or request a no-obligation consultation: https://www.planmember.com/retirement... or call PlanMember Retirement Services at (877) 238-4700. #RetireReadyNJ #NewJerseyRetirementMandate #PooledEmployerPlan #SmallBusiness #401k #EmployeeBenefits